February 9, 2026 Spot Gold Morning Analysis

Investing is like climbing a mountain; taking steady steps leads to long-term success. The Asian session shows renewed strength, with the short-term trend becoming clearer, but caution is needed regarding high-level oscillation risks.

In terms of news, the US-Iran situation has escalated, with Trump imposing additional tariffs on countries trading with Iran, causing risk aversion to surge; Dally signals potential rate cuts, weakening the dollar and increasing gold's attractiveness; China's central bank has been increasing gold holdings for 15 consecutive months, continuing the global central bank gold-buying trend, providing strong support for gold prices.

Looking at technicals, early morning in the Asian session, spot gold surged straight up, breaking through $5040, with strong bullish momentum. The daily moving averages are aligned bullishly, MACD shows increasing red bars, establishing a short-term strong pattern; however, resistance appears in the 5050-5080 range, so caution is advised against a quick pullback after a rally.

Trading suggestions: buy on dips around 5000-5010 with a stop near 4980, targeting around 5050-5080; if prices surge directly to around 5080, consider a light short position with a stop at 5090, targeting around 5020-5030. Keep positions tight and stop losses timely.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's layout for specific strategies!!$XAU ‌#XAU