2.12 Dong Yan: Non-farm data is unlikely to change the bullish trend, gold continues to oscillate upwards!

Yesterday, the U.S. Bureau of Labor Statistics released the January non-farm employment report, which significantly exceeded expectations, and the market's expectations for a Federal Reserve interest rate cut quickly cooled. After the data was announced, the dollar rose sharply and then fell back, while gold exhibited a 'V'-shaped reversal!

During the U.S. trading hours, under the influence of the data, a nearly hundred-point range consolidation pattern was formed! The bullish support was entirely washed out, with the lower track support around 5020 stopping the decline and rebounding, returning once again to the range oscillation; this point was also mentioned by Lao Dong yesterday in the group, that the data might serve as a corrective guide, but it is not enough to change the overall trend, whether it is the current phase's box trend or the long-term risk-averse bullish trend; this non-farm data is not significant enough! The range of this consolidation is relatively large, making it difficult to handle; ultimately, it still found support at the track, preserving the overall range oscillation ——> oscillating upwards trend. Tonight, we will focus on the initial jobless claims data and the impact of Trump's speech!

Looking at today's market, the 1-hour chart has temporarily formed a sideways move within the 5100-5020 range, which is a short-term range for the day. Within this short-term range, buy low and sell high, focusing mainly on oscillation handling!

【2026.2.12 Operation Suggestions】

Gold: Buy at 5025-5030, stop loss at 5010, target at 5100, 5130;

Silver: Buy at 81.5-82, stop loss at 80.5, target at 86, 88. $XAU #非农意外强劲 $USDC