I Skipped Gold Today — Here’s Why | Feb 23, 2026
Gold is currently exhibiting a “low-probability” trading environment. Despite the bullish momentum toward 5,400, the lack of a proper liquidity grab and the presence of unfilled gaps make current entries highly risky from a Risk-to-Reward (R/R) perspective.
Technical Observations:
- Liquidity Gaps: Significant imbalances and gaps remain open in the 5,080 – 5,100 zone.
- Expansion Without Validation: The Monday move looks like an “induced expansion” that hasn’t cleared the sell-side liquidity sitting behind recent wicks.
- Poor R/R: Entering at current levels requires a deep stop-loss below the recent shadow, resulting in a 1:1 ratio, which is suboptimal for professional execution.
Outlook & Strategy:
- Primary Scenario: A corrective pullback to the 5,000 – 5,075 area to collect liquidity before a sustained move to 5,400.
- Alternative Asset: Bitcoin has reclaimed tradable structure after the 8% drop. Focus shifts to a potential long entry on BTC if it retests the 62,500 – 63,000 support cluster.
