Gold Wave Analysis 23 February 2026

RunWithRugs · 2026-02-27T12:42:19+00:00

Gold has broken the resistance zone at 5100.00, signaling a likely rise toward the next resistance level of 5420.00 due to a strong multi-month uptrend and the activation of a short-term impulse wave.

RunWithRugs

2026-02-27 12:42:19

Abstract generation in progress

(MENAFN- FxPro) Gold: ⬆️ Buy

Gold broke resistance zone

Likely to rise to resistance level 5420.00

Gold recently broke the resistance zone between resistance level 5100.00 (which stopped the earlier impulse wave 1) and the 61.8% Fibonacci correction of the downward ABC correction (2) from January.

The breakout of the resistance level 5100.00 accelerated the active short-term impulse wave 3 which belongs to the intermediate impulse wave (3) from January.

Given the strong multi-month uptrend, Gold can be expected to rise to the next resistance level 5420.00 (former key resistance from January).

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