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Gold Tests Key Resistance Amid Bullish Momentum

Gold Tests Key Resistance Amid Bullish Momentum

Published:
2026-02-11 18:16:02
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BTCCSquare news:

Gold (XAU/USD) is testing the $5,100 resistance level within a symmetrical triangle pattern, with SPDR Gold Trust inflows signaling strong bullish momentum. The precious metal has held firmly above the $5,000 support cluster, suggesting resilience despite short-term fluctuations.

COMEX gold futures currently trade between $5,030 and $5,080, with technical indicators pointing to neutral-to-bullish conditions. The RSI shows room for further upside, while the formation of higher highs and lows since the $4,720 intraday bottom indicates a V-shaped recovery.

Market participants are watching for a confirmed breakout from the symmetrical triangle pattern, which could dictate near-term price direction. Macro factors including DXY trends and ETF flows remain key drivers alongside technical signals.

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