$XAU
$PAXG $XAU/USD (Gold) 1H Analysis: Bearish Breakdown!
Gold is currently witnessing a significant sell-off on the 1-hour timeframe, having dropped below the psychological $5,000 level earlier today. As of mid-February 2026, the price is facing a second consecutive day of losses amid thin trading volumes and bearish technical signals.
📊 Trade Logic:
Bearish Momentum: Technical indicators like the RSI (39.7) and MACD are signaling a "Strong Sell," showing that the bulls have lost control of the short-term trend.
Resistance Rejection: The price is struggling to reclaim the $4,960 resistance zone, which has now flipped into a strong supply area.
Downside Potential: Following a break of the $4,930 support level, the technical path is cleared for a deeper correction toward the major support floor near $4,450 (TP).
🎯 Trade Details:
Action: Sell / Short 📉
🟢 Entry Zone: $4,860 – $4,900 (Selling into local pullbacks)
🛑 Stop Loss (SL): $4,960 (Just above the current resistance pivot)
🎯 Take Profit (TP): $4,450 (Aligned with the major long-term support "line in the sand")
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