News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
Bullish Momentum Eases but Trend Holds; Consolidation to Underpin Next Leg Up
Commodity
Summary:
Gold traded sideways at elevated levels over the weekend. Stronger US jobless claims data dented expectations for near-term Fed rate cuts, slowing gold’s ascent. Meanwhile, receding fears of US military action against Iran sapped safe-haven demand, capping prices. Still, gold is poised for a weekly gain of over 2%, having hit a fresh all-time high intraweek, with the medium-term uptrend remaining intact.
Buy
CLOSEDXAUUSD
End Time
4603.88
Entry Price
4782.00
TP
4539.00
SL
4663.55 +67.12 +1.46%
6488
Points
Loss
4539.00
SL
4538.83
CLOSING
4603.88
Entry Price
4782.00
TP
Fundamentals
Gold traded in a consolidative range during Friday’s session. A drop in US initial jobless claims pointed to lingering labor market resilience, cooling bets on an imminent Fed rate cut. This diluted gold’s appeal as a non-interest-bearing asset, curbing further upside.
A marginal retreat in risk aversion also weighed on prices, as concerns over US strikes on Iran eased sharply, narrowing risk premia. That said, gold retained a robust weekly performance, touching an all-time high earlier in the week and on track for a >2% gain. In contrast, silver significantly outperformed gold with an around 15% weekly surge, driven by industrial and speculative demand, even as the Trump administration delayed additional tariffs on critical minerals.
Gold edged lower on Thursday, snapping a three-day streak of marginal record highs (peaking at around $4,630, $4,634 and $4,643). The sentiment shift was closely tied to President Trump’s comments on Iran and his relationship with Fed Chair Jerome Powell. Trump struck a dovish tone, ruling out hasty military action against Iran and downplaying rumors of dismissing Powell before his term ends in May, which cooled short-term market sentiment.
While the short-term uptrend has paused, the core drivers supporting precious metals remain unchanged. Expectations for a global monetary policy pivot, lingering geopolitical uncertainties, and the long-term outlook for lower real interest rates continue to underpin gold. Against this backdrop, gold is likely to enter a phase of consolidation to build momentum for a subsequent trend rally, rather than reversing course.
Technical Analysis
Gold’s price swings were limited on Friday. After a brief dip to $4,581, prices held above $4,600. However, overbought daily indicators (plus RSI bearish divergence) keep downside risks intact.
Initial key support lies at $4,580 (the consolidation range’s secondary floor), followed by the range bottom at $4,564. A break below this level could trigger a sharp selloff.
Nonetheless, gold’s broader uptrend remains unbroken. For a downside reversal, a head-and-shoulders pattern would need to form on the 4-hour chart, whereas current price action resembles a periodic harami pattern. Therefore, the strategy recommendation is to buy on dips amid base-building.
Trade Recommendations
Trade Direction: Buy
Entry Price: 4600
Target Price: 4782
Stop Loss: 4539
Valid Until: 13 Feb, 2026, 23:55:00
Support: 4581/4550/4500/4458
Resistance Levels: 4643/4687/4700/4720
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2026 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.