Thursday Night XAUUSD Outlook for 2.12

The four-hour chart shows that after touching the upper band at 5099, the price briefly pulled back. The lower band at 5000 forms a strong defense line. Although the MACD indicator shows a brief death cross, the DIFF and DEA are still above the zero line, indicating limited momentum release. A golden cross may occur again in the future.

From a macro perspective, despite Federal Reserve officials adopting a hawkish stance, market expectations for a rate cut in March remain. The upside potential for U.S. Treasury yields is limited. Meanwhile, Middle Eastern geopolitical risks have not fully dissipated, and safe-haven demand continues to support gold prices. Additionally, funds from emerging markets like India are accelerating their gold purchases, with strong physical demand providing solid fundamental support for gold prices.

In the evening, consider buying in batches around 5035-5048 with targets at 5100 and 5140.