Gold Analysis – 24.Feb.2026
Gold Analysis: By analyzing the #Gold chart on the 2-hour timeframe, we can see that price surged aggressively today and reached the $5250 level, driven by the market reaction to Trump’s 15% tariff announcement. The move was impulsive and expansionary, confirming strong bullish momentum during the session.
However, once price entered the OTE region, heavy selling pressure stepped in and Gold corrected sharply down to the $5093 level. This reaction was technically clean and aligned with the premium retracement zone. Currently, Gold is trading around the $5122 area, showing signs of stabilization after the corrective move.
As long as price manages to hold and stabilize above the $5100 level, the bullish continuation scenario remains valid. A sustained position above this key level increases the probability of further upside expansion, with potential targets projected at $5140, followed by $5155, and then $5190 in case of continued momentum.
(This Post on TradingView)
Author : Arman Shaban
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