Gold $XAU
(XAU/USD) Analysis – Feb 2026
Current Trend: Gold is showing consolidation after recent gains, testing key support levels.
Support Levels: $1,950 – $1,970 per ounce
Resistance Levels: $2,020 – $2,050 per ounce
Technical Indicators: RSI neutral around 50, MACD showing sideways momentum.
Market Sentiment: Cautiously bullish; safe-haven demand remains strong amid global uncertainty.
Outlook: A breakout above $2,020 could push XAU toward $2,050, while a drop below $1,950 may lead to a retracement to $1,920.
Summary: Gold remains a defensive asset with moderate bullish bias. Traders should watch the $2,020 resistance and $1,950 support for next directional moves.
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