February 13, 2026 Spot Gold Midday Analysis

Spot gold traded sideways with a slow upward move this morning, but the bearish sentiment from last night remains unresolved, and the 5000 level continues to act as a strong resistance.

Due to the US employment data exceeding expectations last night, the market is betting that the Federal Reserve will delay interest rate cuts. The US dollar and Treasury yields rebounded, maintaining downward pressure on gold. Tonight at 21:30, the US CPI data will be released. Market sentiment is cautious, and bulls are hesitant to make large moves. The morning rebound is only a correction, not a reversal.

After falling below 5000, gold is recovering at lower levels, currently fluctuating around 4970. The daily MACD shows a death cross with increasing green bars, RSI is weak, and the short-term trend remains bearish. Support levels for midday are around 4920-4900, with initial resistance at 4980-5000. Reaching these resistance levels may encounter selling pressure and cause a pullback.

To regain 5000, a significant drop in CPI below expectations, a restart of rate cut expectations, and technical volume support to hold above 5000 are needed. Otherwise, the midday trend will likely remain sideways or weak, with no aggressive long positions. For rebounds approaching resistance, small short positions can be considered with proper stop-losses based on data.

Suggested trading: consider a small long position near 4940-4920, targeting around 4980-5000.

This is only personal advice for reference. Please follow Cheng Jingsheng's layout for specific strategies! $XAU ‌#XAU