Juejin Old Cat Lunchtime Gold Strategy

Spot Gold (XAUUSD) | 2026-02-19

Market Review Today: Gold opened slightly higher in the morning, with prices testing the 5000 integer level at one point, reaching a high of 5000.05. Subsequently, it faced resistance and pulled back, maintaining a narrow range between 4990 and 5000. The current price is 4998.72, up $21.48 from yesterday’s close, a 0.43% increase.

News Analysis: The recent strength of gold is mainly driven by two core factors. First, geopolitical risks: the escalation of US-Iran military conflicts, with the US Navy deploying dual aircraft carrier strike groups into the Persian Gulf, has led to continuous inflows of safe-haven funds into the gold market, forming strong buying support. Second, Federal Reserve policy expectations: the January meeting minutes signaled a “pause on interest rate hikes,” weakening the US dollar index, while market expectations for rate cuts within the year remain, providing long-term support for gold prices. Additionally, global central banks have been increasing their gold holdings for 14 consecutive months, with rigid buying continuing to underpin prices, further supporting gold.

Technical Analysis: From the 1-hour Bollinger Bands indicator, the price is currently operating above the middle band, which is turning upward, indicating that the short-term bullish trend is still ongoing. The candlesticks have been closing higher consecutively, and the price has stabilized above the short-term moving averages, with sufficient bullish momentum. Although there is some resistance near the upper band, the overall structure remains bullish, and pullbacks are opportunities for long entries.

Strategy and Direction Range: The core idea is bullish, with a focus on buying on dips and cautious chasing of highs. Support below is around 4980-4975; if the price pulls back to this zone, consider entering long positions with a stop loss at 4965, targeting 5005-5010. Resistance above is at 5005-5010; if broken, follow the trend to target 5020-5025. If the price faces resistance and pulls back, short-term quick trades can be considered.

⚠️ Disclaimer: The above analysis reflects personal opinions only and does not constitute any investment advice. The market carries risks; please trade cautiously and make decisions based on your own risk tolerance.