Here are the latest XAUUSD (Gold) updates for February 20, 2026:
📊 Price Snapshot
Gold is trading around $5,004-$5,026 per ounce, showing slight gains of approximately +0.16% to +0.38% in recent sessions . The metal closed recently at $4,996.30, hovering just below the psychological $5,000 level after reaching a high of $5,022.43 .
🔍 Market Drivers
Bullish Factors:
Geopolitical tensions: Stalled peace talks between Ukraine/Russia and unresolved Iran nuclear negotiations continue driving safe-haven demand Central bank demand: Steady institutional buying provides underlying support Technical structure: Gold remains in a long-term uptrend channel since August
Bearish Factors:
Fed hawkishness: January FOMC minutes showed officials remain cautious on rate cuts, with expectations shifting from June to July Dollar strength: Firming USD pressures gold prices
📈 Technical Levels
Level TypePrice RangeSignificanceImmediate Resistance$5,022-$5,030Recent high and psychological barrier Next Resistance$5,050-$5,100Breakout target zone Key Support$4,977-$4,985MA5 (5-day moving average) Major Support Zone$4,850-$4,900Critical floor if correction deepens
🔮 What to Watch
US PCE inflation data (today): The Fed's preferred gauge could signal future rate paths $5,000 level: A confirmed close above this psychological barrier could trigger acceleration toward $5,050-$5,100 Break below $4,977: Would increase risk of retesting $4,850 support
Would you like me to alert you to any major PCE report updates or provide gold-silver ratio analysis?
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