Gold Analysis – 26.Feb.2026

Gold Analysis: By analyzing the #Gold chart on the 2-hour timeframe, we can see that price once again followed the projected bullish structure and pushed higher toward the $5218 level. With this latest expansion, the total return from this analysis has now exceeded 1500 pips, confirming the strength of our structure-based approach.
Currently, Gold is trading around the $5160 area after a controlled pullback from the recent high. The structure remains technically bullish, but today’s geopolitical developments may act as the next major catalyst.
The upcoming negotiations between Iran and the United States could significantly impact price behavior, and we are facing two main scenarios. In case of an agreement, we could initially see a sharp downside reaction in Gold, potentially dropping below the $5000 psychological level. However, in my view, such a decline would likely be temporary, and Gold could resume its medium-term bullish trend afterward.
On the other hand, if discussions collapse and tensions escalate toward conflict, we may witness an aggressive bullish expansion, potentially driving Gold above $5300 and even toward the $5400 region in the short term.
My personal bias currently leans toward the first scenario. If war was truly imminent, escalation would likely have occurred days ago. With all involved parties fully prepared, initiating conflict at this stage would be strategically irrational. Therefore, the probability of an agreement or at least continued negotiations without immediate escalation appears higher.
Volatility is expected to remain elevated. This chart will continue to be updated step by step as price reacts to key levels.
(This Post on TradingView)
Author : Arman Shaban
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