February 12, 2026 Spot Gold Morning Analysis

Yesterday, gold prices initially fell then surged in a deep V-shape during the day. Despite the non-farm payroll data clearly being bearish, gold only experienced a brief plunge and quickly recovered. The entire day saw no significant decline, closing firmly above 5070.

Although the news was somewhat bearish: US non-farm employment exceeded expectations, leading the market to believe that the Federal Reserve's rate cuts might be delayed. The dollar and US Treasury yields rebounded, which theoretically should have caused gold to plummet. However, it remained resilient mainly due to central bank buying and safe-haven sentiment still in play. Funds were reluctant to exit significantly, and the negative news was absorbed, resulting in a volatile sideways pattern.

From a technical perspective, the daily chart remains in high-level oscillation. Short-term support is at 5040-5050; a break below this would signal weakening. Resistance is at 5100-5120; attempts to push higher often lead to pullbacks. Indicators are not showing deterioration; the overall trend remains oscillating and somewhat strong. Do not chase orders; range trading is the safest.

Morning Trading Suggestions:
- If prices pull back to 5045-5055 and stabilize, consider light long positions with a stop below 5025, targeting 5090-5110.
- If prices rebound to 5105-5115 and encounter resistance, consider light short positions with a stop above 5135, targeting 5060-5040.
- Strictly use stop-loss orders, avoid heavy positions. After data releases, volatility remains high, so prioritize stability.

The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng's strategic layout for specifics!!#XAU $XAU