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:
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Technical Levels
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 6.6738 | 6.678 | 6.6989 | 6.5252 |
| USOil | 93.444 | 93.478 | 93.417 | 90.138 |
| UKOil | 95.806 | 95.866 | 96.074 | 92.805 |
| NGAS | 3.1604 | 3.1724 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4488.8 | 4489.1 | 4541.66 | 4463.03 |
| XAGUSD | 74.988 | 75.319 | 77.178 | 74.326 |