Gold Technical Analysis, February 14

🔴Upper resistance level:
-First: 2938-2942
-Second: 2948-2952
-Third: 2955-2960

🟢Lower support level:
-First: 2924-2922
-Second: 2910-2906
-Third: 2892-2885

✅Intraday trading strategy
🔰Asia-Europe session:
-If the price maintains a narrow range above 2910, wait for the price to stabilize in the 2915-2920 range before entering the long position, target 2935-2942
-If it unexpectedly breaks below 2906, wait and see, waiting for the bullish engulfing pattern to appear in the 2885-2892 area

🔰U.S. session:
-If the European session breaks through 2945, When it falls back to around 2935 during the US session, we can go long with a light position., target 2955-2960
-If the Asia-Europe session rises to around 2945 and is under pressure, we can try to go short at 2942-2945 in the U.S. session, target 2925-2915

📛Risk warning:
Gold is currently in the third wave of rising waves at the monthly level. The medium-term bullish trend has not changed, but after the nine consecutive weekly gains, we need to be vigilant about the technical correction caused by profit-taking. It is recommended to mainly go long on pullbacks, be careful to avoid chasing highs, and wait for the key support to fall back to arrange medium-term long orders.