Gold Spot Experiences Sharp Pullback: Key Zones for Traders

ImpermanentLossFan · 2026-02-12T22:06:35+00:00

Spot gold has shown a pullback with a V-shaped recovery pattern, suggesting strong accumulation by buyers at lower levels. The critical resistance is at 50XX, while 48XX may act as an intermediate support. Traders should watch these key levels for future movements.

ImpermanentLossFan

2026-02-12 22:06:35

Abstract generation in progress

International spot gold has experienced a sharp decline in an inverted V-shaped pattern, indicating significant accumulation of buyers at the lower levels. According to Jin10 data, this concentration of positions at depressed prices provides a solid foundation for the metal’s current movements.

V-Shaped Recovery Pattern Confirms Support Strength

The V-shaped recovery exhibited by spot gold demonstrates that sellers faced strong resistance at lower support levels, resulting in a notable rebound. This technical formation is relevant for understanding the current market dynamics. The accumulation of positions documented by specialized platforms like Jin10 reinforces the hypothesis that these low levels serve as an equilibrium point between supply and demand.

Critical Resistance at 50XX: Next Barrier for Spot Gold

The critical resistance level is located at the lower end of the previous peak, around 50XX. This zone represents the first major barrier that spot gold must overcome to confirm a more robust bullish trend. Additionally, it is advisable to monitor performance at the previous mid-level test at 48XX, which would act as an intermediate resistance in case of new upward attempts.

What Traders Should Watch for in the Next Moves

For traders, the current scenario presents opportunities linked to these key technical levels. A sustained break above 50XX could validate the continuation of the spot gold upward movement, while a retreat below 48XX would signal renewed weakness. Confirmation of these lower supports through accumulation volume suggests that the current gold price warrants close monitoring in upcoming trading cycles.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.