As of Tuesday, February 17, 2026, the XAU/USD (Gold) market is showing a significant short-term bearish shift after a period of intense volatility
Here is a breakdown of the current technical and fundamental landscape to help you evaluate your "sell" idea.
Market Snapshot
Current Price: Approximately $4,907 – $4,922.
Today's Trend: Bearish. Gold is down for the second consecutive session.Today's Trend: Bearish. Gold is down for the second consecutive session.
Key Driver: Easing geopolitical tensions and thin liquidity (due to holidays in China and recent U.S. holidays) are reducing "safe-haven" demand.Key Driver: Easing geopolitical tensions and thin liquidity (due to holidays in China and recent U.S. holidays) are reducing "safe-haven" demand.
The charts currently show a tug-of-war between a long-term bullish trend and a sharp short-term correction.
suggesting bearish momentum but not yet "oversold.
Moving Averages: Most short-term averages (MA10, MA20) are currently pointing downward, favoring a sell-on-strength approachMACD: Currently in negative territory, confirming the downward pressure.txau
The "Sell" Case: Sellers are currently in control of the intraday price action. If Gold remains below the $4,950 level, a move toward $4,875 or even $4,800 is technically supported.The "Sell" Case: Sellers are currently in control of the intraday price action. If Gold remains below the $4,950 level, a move toward $4,875 or even $4,800 is technically supported.
The "Caution" Case: Tomorrow (Wednesday, Feb 18) brings the FOMC Meeting Minutes. This event could cause a sharp reversal if the Federal Reserve signals more aggressive rate cuts than the market currently expects.
If you are looking to sell, traders are currently watching for a rejection near the $4,950 resistance. A stop-loss above $5,045 is common among analysts to protect against a sudden "bull trap" reversal.
Would you like me to look up the specific support levels for Silver (XAG/USD) or provide more details on the upcoming FOMC