Gold (XAUUSD) Intra-day Analysis 5th Mar. 2021

Further Advance

Our Pivot: 1691

Our Preference: Buy XAUUSD above 1702 with strict stop loss of 1691 and profit target at 1723 with extension towards 1732.

Alternate Scenario: Downward penetration of 1691 will call for 1681 and 1677.

NOTE: XAUUSD have penetrated its descending wedge in upward direction so now a bullish spike could be witnessed.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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