February 24, 2026 Spot Gold Morning Analysis

Cheng Jingsheng first wishes all friends a Happy New Year, a prosperous Year of the Horse, smooth work, profitable trades, and long-lasting accounts!

Yesterday, spot gold initially fluctuated then gained momentum, stabilizing above 5160, closing with a rally. Bulls are in the lead, and the overall trend is relatively strong.

Tensions in the Middle East and changes in US tariff policies have led to a surge in safe-haven funds; the market is betting on a Federal Reserve rate cut, causing the dollar to weaken. Coupled with ongoing central bank gold purchases, gold prices are well supported.

The daily chart shows a clear bullish trend, with 5160-5180 serving as strong support. Resistance is seen at 5250. The 4-hour chart is running along an upward channel; as long as pullbacks do not break support, the bias remains bullish. Avoid blindly chasing highs.

Short-term trading suggestions: Wait for a pullback to stabilize around 5190-5200 to go long, with a stop below 5170, targeting 5240-5250. If a quick rally occurs, do not chase; wait for a breakout above 5250 to follow the trend, with light positions and stop-losses in place—risk control first.

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng's strategic layout for specific actions.