Gold Intraday: bounce
Feb 11, 2026 12:18 PM
long positions above 5040 with targets at 5200 & 5280 in extension.

Pivot: 5040
Our preference:
long positions above 5040 with targets at 5200 & 5280 in extension.
Alternative scenario:
below 5040 look for further downside with 4980 & 4905 as targets.
Comment:
the break above the resistance at 5040 triggered an upward acceleration to 5200.
Supports and resistances:
5370
5280
5200
5109 Last
5040
4980
4905
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