XAU/USD Gold Technical Analysis: Forex Mentor Prasad Kadri

XAU/USD Gold Technical Analysis

XAU/USD Gold Technical Analysis - Gold trades around $4,963 as of February 8, 2026, after high volatility from January's peak near $5,593. Recent analysis highlights key levels amid ongoing fluctuations influenced by economic data and geopolitics.

XAU/USD Gold Technical Analysis Updates

• Current Price/Range: ~$4,963-$5,002 (Feb 8); closed $4,963.​

  • Key Support:

    Support 01 - $4,830

    Support 02 - $4,670

    Support 03 - $4,530

  • Key Resistance

    Resistance 01 - $ 5025

    Resistance 02 - $ 5115

    Resistance 03 - $ 5450

• Indicators: Overall strong buy; RSI 61 (neutral); MACD 30 (buy); MAs (5/20/50/200-day) all buy signals.​

XAU/USD Gold Fundamental Analysis

• Interest Rates/Debt: US sovereign debt crisis may force Fed easing (lower rates/printing), bullish for gold as fiat confidence drops.​

• Inflation/Geopolitics: High volatility from tensions; inflation expectations support hedging demand.​

• Central Banks/Economy: Dovish Fed pivot, weak USD below 101.5 could push prices higher; key catalysts ahead.

Trading Strategies Updates

• Scalping/Day/Swing: Use liquidity sweeps, fake breakouts; buy lows in uptrend post-sweeps (50% retrace targets); top-down analysis with order blocks.​

• Bias/Invalidation: Bullish above key supports (no close below range); bearish below resistances; mechanical entries on pullbacks.​

• Risk Focus: Volatility high post-January reversal; position size near levels like $4,820/$4,530/.