Bloodbath for Gold? February 26, 2026 Analysis
طGold is currently following the projected path, despite a minor extension in Wave 2. The price stretched slightly beyond the 1.18 Fibonacci level towards 5,217 USD, which is characteristic of the “irregular” nature of corrective waves. The market failed to attract sufficient liquidity at the 5,200 zone to sustain an immediate move higher, necessitating a deeper retracement.
Key Observations
- Wave Structure: Completion of Wave 2; initiation of a “Sharp Wave 3” to the downside.
- Liquidity Dynamics: Price lacks the necessary buy-side liquidity at current highs; a pullback to the 38.2% – 50% Fibonacci levels is required.
- Target Zones: Immediate downside magnets at 5,075 USD and 5,050 USD.
- Session Volatility: Monitoring the New York session and the “Silver Bullet” hour for high-probability entries.
- Economic Data: US Unemployment claims at 5:30 PM (Dubai time) are expected to inject liquidity into the market.
Outlook & Scenario
The immediate bias remains Bearish until the price reaches the 5,075 – 5,050 USD liquidity pool. Once the market balances at these levels, the primary upside target is 5,400 USD. Traders should secure profits at 5,075 and wait for bullish confirmations before re-entering for the 5,400 target.
⚠️ This analysis is for educational purposes only and not financial advice.
