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Gold Intraday: the downside prevails

Feb 17, 2026 9:16 AM
short positions below 4970 with targets at 4862 & 4830 in extension.
image
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 the resistance at 4970 is not surpassed, the risk of the break below 4862 remains high.
Supports and resistances:
5045
5015
4970
4927 Last
4862
4830
4780
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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