Daily Gold Analysis Feb 11, 2026 (Wednesday)
Hello, I hope you’ve started your day well. Today is February 11th, 2026, and as always, we’ll be analyzing Bitcoin and gold.
Gold Analysis and Potential Corrections
To begin our analysis, let’s take a look at gold. Gold is still persistently attempting to decisively break through the 5,087 resistance level, and it appears highly likely that it will eventually succeed. It’s possible that it might range here for a bit ($5,035), and I even expect that it could correct down to the 4,920 area. Personally, I’m not trading right now unless it comes down to this 4,921 area and tests the 38% Fibonacci level before moving upward. However, since it’s currently ranging between the 0% and 23% Fibonacci levels, we can expect that it could easily break this top ($5,086) without further correction. My expectation is that it will break through this top today. While it’s unclear exactly when we will reach the $5,400 area, it is expected to happen today.
Impact of US Unemployment Data
Given the important news today, we have the US unemployment rate data coming out. I expect this could give us some movement in gold. I’m not trading gold for now unless it either breaks this resistance ($5,086) or decides to come down to the 38% Fibonacci level ($4,921), where I might open a long position.
Bitcoin Trade Review and Volatility
Moving on to Bitcoin, which is more interesting for us these days. Yesterday, we had a trade starting from these areas ($69,377) when this specific zone was finally broken ($69,377). After seeing a significant bearish candle, I closed the trade with a very small profit ($69,642); it was essentially break-even. I waited as the market moved down, bounced back here ($67,857), and reached the 50% Fibonacci level ($66,151). Let’s analyze Bitcoin based on these Fibonacci levels for those who say crypto is too volatile to trade. If traded properly, it can yield great profits.
Technical Analysis and Long Positions
Suppose we set a replay up to this area and analyze it together. Each candlestick represents 15 minutes. If we draw the Fibonacci from 0% to 100% ($60,000 to $71,750), I expect it to reach the 38% level ($67,264). From this 38% Fibonacci level, I can take a long position aiming for higher targets. It pulls back to the 38% level again ($67,264). Here, the system provides a take-profit (TP). Whether we set the target at the zero zone or the 11.8 level ($70,365), it doesn’t matter much.
Support Levels and Pullbacks
After hitting our TP, Bitcoin hits a top and starts to drop. Once the drop begins, we shouldn’t deal with Bitcoin in these zones ($68,400), unless for a scalp trade up to these areas ($70,365). It reached this zone very cleanly and then started to drop. Since the 38% level was already used once, we shouldn’t expect it to provide another reversal. Therefore, we expect the market to come down to the zones between 23% and 38% for a long opportunity up to these targets ($70,365), which is exactly what happened. The 38% level couldn’t hold the market, resulting in a very clean pullback to the 38% level ($67,583).
Conclusion and Final Entry Point
Now, we are looking at the 50% Fibonacci level to see if we can catch a move. It gave us the 38% level very precisely, even on the one-minute chart. To understand the previous move, it’s clear that from here ($72,264) to here ($67,802) we had a drop, and exactly at the 50% Fibonacci level, it gave us a reversal ($70,033). Since big players are often out of the market, volatility is fast, allowing for quicker profits. My expectation for Bitcoin is that around the $66,000 to $66,100 zone, we can open another long position aiming for higher targets, considering a higher high was previously set ($72,267) and we are currently at the 50% zone, which is a good area for buying ($66,136).
Wishing you happiness and success.
