2.27 Summary of gold technical analysis

2.27 Summary of gold technical analysis
Current market situation
Price range: Gold prices have recently fluctuated between 2880 and 2955, and the range has narrowed to 2900-2920 in recent days

Key support and resistance
Support level:

2900-2903 area: If the price stands above this area, it is expected to continue to rise to 2925 or higher.

2882: If the price falls back to this level, you can consider participating in long orders.

Resistance level:

2935-2940: Important short-term resistance, which is expected to rise further after breaking through.

2860: If it falls below this level, it may confirm that the gold price trend has peaked, ending the unilateral pull-up that has lasted for 3 months.

Operational suggestions
Short-term strategy:

Pullback long: Look for long opportunities in the 2900-2903 area or around 2888.

Short on rebound: Consider shorting around the 2935-2940 area, but be cautious.