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Gold Outlook: Options Sentiment Extreme as Bears Target 4800
Last week I warned that the grinding nature of gold’s rally was reminiscent of a dead cat bounce — a bearish pattern that can lure bulls into a false breakout before turning sharply lower. Given the article was published near last week’s high, the timing of gold’s subsequent selloff has proven fortunate. Gold futures have since fallen 5.6%, with two of the past three sessions printing bearish engulfing candles. Momentum has clearly shifted in favour of sellers. It now appears gold bears may attempt to drive prices towards the $4,800 support level. That zone could prove pivotal, acting as the line in the sand ... (full story)
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This weeks webinar started off with another short-term setup in gold. Last week, I looked at the 5k level in-play as short-term support and that led to a rally up to the $5100 level. That price was well-defended from sellers and ultimately led to a push back below the major psychological level, and todays session saw price digging in support at $4856 ...
From dailyforex.com | Feb 18, 2026
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From financemagnates.com | Feb 18, 2026
The gold price in 2026 has already delivered more drama than most commodities manage in a decade. Bullion punched through $5,000 for the first time in history last month, kept climbing to $5,595 an ounce, then shed nearly $1,200 in two days in what turned out to be the metal's worst two-day rout since 1983. And yet Wall Street's biggest commodity desks ...