XAUUSD|Trading strategy for February 10

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đź”´Upper resistance level:
- First: 2900-2905 (integer level + psychological resistance level)
- Second: 2915-2920 (Fibonacci extension + upper channel rail)

🟢Lower support level:
- First: 2882-2885 (breakthrough conversion support + short-term trend line)
- Second: 2875-2878 (5-day moving average + previous central high)

âś…Trading strategy: Buy on dips
- Entry level: 2882-2885 (previous high conversion support + 38.2% retracement level)
- Stop loss: below 2875 (daily level 5-day moving average)
- Target level: first target 2900 integer level, second target 2915 (Fibonacci extension level)

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Trade active
🔥Never go short, be sure to go with the trend and wait for the correction before continuing to go long
Trade closed: target reached
đź“ŠGold is currently focusing on the important support level below:
- First: 2896.5-2892
- Second: 2878.5-2870
-Third: 2862-2851
âś…Once it pulls back to the support level, it is an opportunity to go long. You can also use the pyramid method to add positions.
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