February 13, 2026 Spot Gold Morning Analysis

This morning, spot gold is likely to remain weak and volatile, with no strength to rebound, leaning towards the downside. The residual impact of the US market remains, and the risk of a pullback is still present.

The news is straightforward: last night, US employment data exceeded expectations, leading the market to believe that the Federal Reserve will delay interest rate cuts. The dollar and US Treasury yields strengthened, directly pressuring gold prices. Additionally, before the holiday, funds moved to safe assets, and exchanges increased margin requirements, causing bullish traders to hesitate. The early trading session is full of a wait-and-see atmosphere, with no positive signals to support a rally. Any rebound is likely to be an opportunity for shorting.

From a technical perspective: gold broke below the key $5000 level, with the lowest point around $4880 in the early hours, indicating a complete weakening of the short-term trend. The daily MACD shows a death cross, with increasing green bars, RSI has fallen from overbought levels, and all moving averages are turning downward, indicating a weak consolidation after a breakdown. Support levels are at $4880-$4900; if this support fails, the price may test lower. Resistance is at $4980-$5000; hitting this level will likely lead to a pullback.

In terms of trading strategy: avoid chasing longs. The early session is volatile and biased downward. Use light positions and follow the trend for safety. During the day, observe the dollar and data movements closely. Risk control is the top priority—do not hold large positions alone.

Suggested action: consider taking small positions on rebounds around $4960-$4980, with targets near $4920, $4880, and $4850.

This is only a personal suggestion for reference and does not constitute investment advice. Please follow Cheng Jingsheng's layout for specific trading strategies!$XAU ‌#XAU