FPG XAUUSD Market Report February 9, 2026

On the H1 timeframe, XAUUSD (Gold) confirms a trend reversal that has transitioned into a bullish continuation phase, signaling a potential advance toward the major resistance at 5091. Last week, price made several attempts to break above the 5091 resistance zone but failed, resulting in a rejection that pushed Gold lower toward the 4655 area. From that level, price rebounded strongly and resumed bullish momentum, once again targeting the nearest resistance. Gold is currently trading around 5029, with moderate volatility as price moves within a rising structure.

From an indicator perspective, the Stochastic Oscillator is holding in the upper region, indicating strong bullish momentum, though it also suggests the market is approaching overbought conditions where short-term pullbacks may occur. The Bulls Power indicator remains positive and elevated, confirming that buying pressure is still dominant. Price action is trading above the key moving averages and within the upper half of the Bollinger Bands, which reflects sustained bullish strength. Overall, indicators continue to support the bullish bias, while hinting at potential consolidation before the next directional move.

Gold price behavior remains sensitive to ongoing geopolitical tensions involving the United States, the European Union, and other major global players, with unresolved issues surrounding Venezuela, Greenland, and Iran continuing to support safe-haven demand. In addition, Federal Reserve policy expectations remain a key driver of market sentiment toward Gold. With limited attractive alternatives for risk-averse investors, Gold continues to attract solid demand. Traders should stay alert to todays key economic releases, as these events are likely to act as catalysts for the next significant move in Gold prices.

Market Observation & Strategy Advice

1. Current Position: XAUUSD is trading around 5029 on the H1 timeframe, maintaining a bullish continuation structure after rebounding strongly from the 4655 support area.

2. Resistance Zone: The nearest and most significant resistance is located at 5091, which previously acted as a strong rejection zone.

3. Support Zone: Immediate support is seen around 4955–4886, with a stronger key support level near 4655.

4. Indicator Observation: Stochastic remains in the upper region, signaling strong bullish momentum but with potential overbought risk. Bulls Power stays positive, confirming buyers are still in control, while price holds above key moving averages.

5. Trading Strategy Suggestions:

• Buy on Pullback: Consider long positions on intraday pullbacks toward support while the bullish structure remains intact.

• Resistance Reaction: Monitor price behavior near 5091 for rejection or breakout confirmation before entering new trades.

• Risk Management: Apply tighter stops and manage exposure carefully ahead of high-impact economic releases due to potential volatility.

Market Performance:

Precious Metals Last Price % Change

XPTUSD 2,102.67 +1.45%

XAGUSD 79.7782 +2.35%

Today's Key Economic Calendar:

JP: Current Account

CA: BoC Market Participants Survey

EU: ECB President Lagarde Speech

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.