Gold Chart Analysis – February 19, 2026
Gold remains in a powerful bullish structure following the validation of its recent breakout. With the breach of the latest Higher Highs, the market structure is firmly established as bullish, and price is now targeting the liquidity pool at $5,400. Currently, the price is undergoing a correction phase, which, as projected, provides an opportunity to harvest buy-side liquidity before the primary expansion move.
Key Observations:
- Support Zone: The $5,000 level (confluence of the psychological level and the 50%-61.8% Fibonacci retracement) has been identified as the primary Demand Zone for potential long entries.
- Market Structure: A clear Bullish Displacement is evident; however, a break below the current trendline could signal a deeper short-term correction.
- Macro Catalyst: High volatility is expected during the New York session due to the release of U.S. Unemployment Claims data. The forecast stands at 223k, and any significant deviation will determine the immediate direction of the move.
Outlook & Scenario:
The overall market Bias remains bullish as long as the ascending trendline is maintained.
- Bullish Scenario: Defending the $5,000 support zone and a positive reaction at this level will provide the necessary liquidity for a rally toward the $5,400 target.
- Corrective Scenario: If U.S. economic data comes in significantly stronger than expected, a Liquidity Grab below the trendline may occur before the bullish continuation resumes.
⚠️ This analysis is for educational purposes only and does not constitute financial advice.
