February 24, 2026 Spot Gold Evening Analysis

Cheng Jingsheng first wishes everyone a prosperous start to the Year of the Horse, smooth investments, and guaranteed profits!

During the Asian session, gold surged then quickly retreated; European session saw continued weak oscillation. The bulls lack the strength to push back, and the bears didn't heavily sell off. Overall, it’s a narrow-range weak consolidation. After a sharp rise, profit-taking exits occurred, and the short-term market is now in a pause.

Federal Reserve officials' hawkish comments caused the dollar to slightly rebound, suppressing gold prices; safe-haven and rate cut expectations remain, but short-term positive factors have been digested. No new bullish catalysts are present, so the oscillation pattern is unlikely to change.

Short-term, the market is biased toward downward oscillation, with strong support at 5140-5160. Only a break below this level would signal further weakness. Resistance is at 5200-5220; stabilizing above 5200 would indicate a return to strength.

Evening trading suggestions: In weak oscillation, avoid chasing orders. Use light positions within the range, trade quickly in and out. For rebounds to 5150-5170, go long with a tight stop below 5130, targeting 5190-5200.

If the rebound to 5200-5210 falters, consider a light short position with a stop above 5230, targeting 5170-5150. Strictly set stop-losses, control position sizes, and avoid holding large positions.

These are personal suggestions only, for reference purposes. They do not constitute investment advice. Please follow Cheng Jingsheng's strategic layout for specific guidance!!$XAU ‌#XAUUSD