MirajMehedi Official

Gold prices showed volatility today, rebounding after a sharp 3%+ drop yesterday, as investors positioned ahead of key US inflation data (CPI release).Current Spot Price — Around $4,950 – $4,980 per ounce (up ~0.6–1% intraday after hitting near one-week lows). $XAU
Recent Movement — Gold fell sharply below $5,000 yesterday due to stronger US economic signals reducing Fed rate-cut hopes, triggering profit-taking and liquidation pressure. It has rebounded modestly today. Key Drivers — Awaiting US CPI inflation figures for fresh Fed policy clues. Persistent support from central bank buying, geopolitical tensions, and long-term bullish outlook (many banks forecast $6,000+ by end-2026). $XAU Broader trend remains strongly bullish: +70%+ year-over-year, though short-term corrective pullback ongoing. Technical Outlook — Resistance near $5,000–$5,100; breaking below $5,000 keeps bearish pressure.
Some analysts recommend "sell on rise" for intraday (e.g., MCX levels in India reflect similar caution). Support zones around $4,800–$4,900 if downside resumes.

🟢Overall Sentiment — Short-term consolidation/correction likely, but long-term bullish bias intact due to structural demand. Traders should watch US inflation data closely for the next directional move
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Gold prices remain elevated today, February 12, 2026, hovering around $5,060–$5,080 per ounce in spot trading (with minor fluctuations across sources like Trading Economics, Reuters, and live trackers showing slight dips of 0.3–0.5% intraday). $XAU
After surging past $5,100 earlier this week and recovering strongly from February lows near $4,400, gold has entered a consolidation phase. Stronger-than-expected US January jobs data strengthened the dollar and reduced near-term Fed rate-cut expectations, prompting a modest pullback. Investors are now focused on upcoming US inflation (CPI) data tomorrow, which could provide clearer signals on monetary policy.KeyDriversBullish factors: Persistent central bank buying, geopolitical uncertainties, and long-term diversification demand continue to provide solid support. Gold holds firmly above the $5,000 psychological level and rising trendline support from early February. $XAU Bearish pressures: A firmer dollar and signs of technical exhaustion (e.g., bearish RSI divergence) suggest possible short-term downside risks toward $4,900–$5,000 if resistance around $5,170 holds firm.
Outlook: Analysts remain largely bullish for 2026 overall, with many forecasting averages in the $4,700–$5,400 range by year-end, driven by structural demand. However, near-term volatility is high—gold could test higher if inflation surprises softer or dip if the dollar gains more ground
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