2.12 Gold Morning Analysis:

The market generally expects the Federal Reserve to cut interest rates this year, and funds are more willing to buy gold, driving up gold prices.

The situation in the Middle East is unstable, combined with economic slowdowns in some countries, increasing demand for gold as a safe haven.

Countries like India have a high demand for gold, and central banks in multiple countries are also continuously increasing their gold holdings, supporting gold prices.

Prices are stabilizing above short-term moving averages, with a bullish trend.

• Resistance is around 5105, while support is around 5035.

• Short-term bullish momentum has slightly weakened, but there are no obvious reversal signals.

Operational Ideas

Target is 5090-5120;

If it directly breaks through 5110, follow the trend with a target of 5130-5150.

Strictly maintain stop-loss to control risk.