Gold (XAUUSD) Consolidates Near Key Levels: Pause Before the Next Breakout?

17.02.2026  - XAUUSD  – Gold  - Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.

Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.

At the same time, gold is facing a pivotal resistance zone near the 5100 level, which has proven its strength multiple times by preventing further upside continuation. This level represents an important psychological and technical barrier, and a clear daily close above it could open the door for a move toward higher targets, potentially extending into the 5300–5400 range. However, failure to break above this area may result in continued sideways movement or a retest of lower support levels. In my view, the current price action reflects a conflict between the continuation of the medium-term bullish trend and short-term corrective pressures, with a slight advantage favoring buyers as long as price remains above the rising moving average.

On the other hand, the Stochastic momentum indicator is showing a downward movement from neutral territory, suggesting that corrective pressure may persist in the short term before any renewed bullish attempt. Nevertheless, the price holding above the ascending trendline and the 4820 level reinforces the scenario of continued positive direction. In my assessment, the most likely scenario is continued consolidation within a defined range, with the potential for a bullish breakout later if price regains momentum and surpasses the key resistance level. A break below 4820, however, could temporarily alter the technical outlook and trigger a deeper correction before the broader uptrend resumes.

Resistance: 5100 – 5300 – 5400

Support: 4889 – 4820 – 4700