Introduction
Gold just went through one of the craziest months in history: parabolic run to $5,600+ in January, brutal flush to $4,400 (margin calls + profit-taking), and now snapping back hard to ~$4,950–$4,980 as of Feb 8. My live 10x XAUUSDT perp long (entry 4,984) is sitting with a small -0.9% unrealized PNL — normal noise in this volatility.
Current Market Snapshot
• Spot/futures gold hovering ~$4,950–$4,980 (up ~1–2% intraday on Feb 8).
• Weekly recovery: +10–12% off February lows.
• Key levels: Support at $4,900–$4,950 holding firm; resistance $5,000 psychological flip. Break above = momentum ignition.
Why the Rebound? Key Drivers
• Safe-haven flows renewed: Geopolitical risks (US-Iran talks easing but tensions linger), policy uncertainty, and tariff talks keep bids alive.
• Fed easing expectations: Softer US jobs data (higher claims, cuts announced) → lower real yields → gold boost.
• Central banks stacking: Relentless buying + de-dollarization narrative unchanged.
• Technical reset: Post-correction bounce from Fib supports; RSI cooling but bullish structure intact.
My Trade Rationale & Outlook
Entered on dip-buy conviction after the flush. Small red now? Just testing weak hands. Conviction high for $5,000+ breakout short-term (targets $5,100–$5,170 if confirmed). Longer-term: Banks like JPM ($5,000–$6,300 EOY), Goldman ($5,400), Reuters median ~$4,750 avg 2026 — structural bull intact.
Risks & Management
Volatility remains high — further USD strength or profit-taking could retest $4,800–$4,900. Using tight risk on this 10x position. Patience key in leveraged plays.
Final Thoughts
This isn’t chasing highs — it’s positioning for the recovery leg in a year of massive swings. Gold’s story in 2026: From panic sell-off to belief phase.
What’s your gold bias right now? Comment below, copy the trade if aligned! 📈 #Gold #xauusdt #trading #XAUUSD #XAU
