Gold Technical Analysis, February 13

2 hours ago

📊Yesterday, gold showed a V-shaped reversal trend as expected. It fluctuated downward under pressure during the Asian and European sessions. It rebounded strongly after hitting the low of 2864 in the early stage of the US session. We also notified VIP members in time to arrange long orders near 2862-2865. Finally, the daily line closed with a real K-line with a long lower shadow of 13 US dollars, and closed back above the 2900 mark (2909).

📊The 4-hour chart shows that the lower track of the rising channel 2863 area confirmed effective support, MACD zero axis golden cross and green kinetic energy column converged. The upper pressure is 2918 (Fibonacci 38.2% retracement level) and 2930 (previous high + 50% retracement level) double resistance. From the 1-hour chart, the rising trend line support moved up to 2895, forming a resonance support area with the MA60 moving average. Today, we will focus on the fluctuation of the 2885-2925 price range.

🔴Upper resistance level:
-First: 2910-2912
-Second: 2924-2926
-Third：2934-2942

🟢Lower support level:
-First: 2905-2900
-Second: 2896-2894
-Third: 2885-2881

✅Intraday trading strategy
Today, the main strategy is to go long. We can use the pyramid method to build positions in batches at the lower support level, and the target can be seen at the upper resistance level.

29 minutes ago

Trade active

📊2912 is an important position. If it stabilizes at this position, it will move towards a new high. If it falls below, it will be a correction and shock trend. At present, the overall level is still a bullish trend. It is recommended to go long at a low level to be safer.