Gold (XAUUSD) Intra-day Analysis 5th May 2021

Under Pressure

Our Pivot: 1785.50

Our Preference: Short sell Gold below 1782 with strict stop loss of 1785.50 and profit target at 1775 with extension towards 1771.

Alternate Scenario: Upward penetration of 1785.50 will call for 1791 and 1795.

NOTE: Gold is in corrective mode of its last bearish rally.

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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