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Gold Intraday: turning down
Feb 16, 2026 12:13 PM
short positions below 5030 with targets at 4967 & 4933 in extension.
Pivot: 5030
Our preference:
short positions below 5030 with targets at 4967 & 4933 in extension.
Alternative scenario:
above 5030 look for further upside with 5080 & 5115 as targets.
Comment:
as long as 5030 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5115
5080
5030
5004 Last
4967
4933
4915
Our preference:
short positions below 5030 with targets at 4967 & 4933 in extension.
Alternative scenario:
above 5030 look for further upside with 5080 & 5115 as targets.
Comment:
as long as 5030 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5115
5080
5030
5004 Last
4967
4933
4915
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