XAUUSD | Trading strategy, February 18

18 Feb

✅Focus on key points during the Asian and European trading sessions (February 18)
🔰Upper resistance level:
-First 2910-2912
-Second 2923-2925
-Third 2930-2940

🔰Lower support level:
-First 2896-2892
-Second 2880-2875
-Third 2865-2850

18 Feb

Dagangan aktif

📊Today's Asian session broke through the previous day's high and touched 2916 (corresponding to the 61.8% Fibonacci retracement level of last Friday's correction band), showing short-term long continuity. The K-line entity closed above the 5EMA for two consecutive days, but the MACD bar chart showed signs of top divergence.

📊The upper 2916-2920 is the key resistance level, which is also the upper track of the daily descending channel. After breaking through, it will challenge the historical double top structure of 2940-2942. The focus below is on the support level of 2880-2875. If it breaks down effectively, the target can be seen at 2865-2850. During the US session, focus on the 2895-2920 area, and pay attention to the breakthrough of the support and resistance levels.