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Gold Intraday: caution
Feb 17, 2026 12:15 PM
short positions below 4970 with targets at 4862 & 4830 in extension.
Pivot: 4970
Our preference:
short positions below 4970 with targets at 4862 & 4830 in extension.
Alternative scenario:
above 4970 look for further upside with 5015 & 5045 as targets.
Comment:
as long as 4970 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5045
5015
4970
4929 Last
4862
4830
4780
Our preference:
short positions below 4970 with targets at 4862 & 4830 in extension.
Alternative scenario:
above 4970 look for further upside with 5015 & 5045 as targets.
Comment:
as long as 4970 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5045
5015
4970
4929 Last
4862
4830
4780
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