Gold prices struggling as Empire State Manufacturing Survey falls to 7.1 | Metals Mine

  • Gold prices struggling as Empire State Manufacturing Survey falls to 7.1

    From kitco.com

    The gold market continues to struggle below $5,000 an ounce, and better-than-expected manufacturing data from the New York Federal Reserve could put additional downside pressure on the precious metal. The regional central bank reported Monday that its Empire State Manufacturing Survey fell to 7.1 in February, compared to January’s reading of 7.7. The data significantly beat expectations, as economists were looking for a print of 6.4. “Manufacturing activity continued to expand modestly in New York State in February. Firms remained optimistic that conditions would continue to improve, with employment expected to ... (full story)

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blaseit28
Feb 17, 2026 10:15pm
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Quoting eddie0504
so it remain downtrend?
downtrend? are we looking at the same chart? you have to zoom out and look at the big picture, especially for commodities, and even more so for xauusd. the fact gold was on a tear for months on end means a retrace is inevitable and will ensue in no time. but that doesn’t mean the retrace is a downtrend, unless you’re trading gold on a 15m timeframe or something like that lol. only advice I or anyone can give is stay with the trend, as the saying goes, the trend is your friend. don’t go trying to pick tops, especially on one of the most manipulated markets there is.
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Shiham
Feb 17, 2026 10:20pm
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listen the main reason is that Gold has got over attention
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eddie0504
Feb 17, 2026 10:07pm
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so it remain downtrend?
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zauraiz
Feb 18, 2026 12:32am
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Quoting eddie0504
so it remain downtrend?
i think so iam goin with down
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