Gold prices showed strong recovery today, bouncing back after recent volatility and trading around $5,040–$5,056 per ounce in the global spot market (as of mid-February 2026).$XAU
Recent Movement — Spot gold rebounded over 2% in recent sessions, recovering from a dip below $5,000 following a sharp pullback from January's all-time high near $5,600–$5,608. Softer-than-expected U.S. inflation data supported hopes for Federal Reserve rate cuts, weakening the dollar and boosting bullion.
Key Drivers — Dovish Fed expectations, ongoing central bank purchases, geopolitical uncertainties, and strong Asian demand continue to provide structural support. Analysts (e.g., ANZ) have raised forecasts, eyeing $5,800/oz in Q2 2026, viewing gold as a key insurance asset amid debt and currency concerns. $XAU
Technical View — Price action remains choppy but bullish overall. Support holds near $5,000 and $4,880–$4,900, with resistance around $5,100–$5,140. A break above $5,100 could signal further upside; otherwise, consolidation is likely.
Outlook — Short-term relief rally intact, but volatility persists. Long-term bullish bias remains strong due to safe-haven flows and macro uncertainties. Investors watch upcoming economic data closely for the next directional move.
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