11/02/2026
Gold Spot (XAU/USD) Market Overview
Date: February 11, 2026
🔍 Key Market Insights:
Resistance Zones:
🔴 $5,080–$5,120 (Weak High / Supply Cap):
Price is compressing directly beneath this weak high. Multiple taps with no strong breakout show sellers are defending this level. This is the immediate expansion trigger.
🔴 $5,380–$5,420:
Higher supply from the breakdown leg. A move here would still be corrective unless full structure shifts.
🔴 $5,560–$5,600:
Major higher-timeframe distribution zone and untouched liquidity.
Support Zones:
🔵 $4,980–$5,000 (Intraday Demand):
Current base holding the consolidation. Bulls must protect this to maintain upward pressure.
🔵 $4,850–$4,900:
Stronger demand from the previous pullback. Loss of this zone weakens the corrective rally.
🔵 $4,650–$4,700 (Strong Low Area):
Higher-timeframe demand and structural base. Breakdown here confirms bearish continuation.
Liquidity & Market Structure:
📌 Broader structure remains bearish after distribution at the highs.
📌 Current price action shows range compression under supply, often preceding volatility.
📌 Weak highs are forming, meaning liquidity is building above $5,100.
🔮 Scenarios to Watch:
Bullish (Corrective Breakout):
✅ Hold above $4,980–$5,000 → attempt sweep of $5,080–$5,120.
✅ Clean break and acceptance above $5,120 opens $5,200 → $5,380.
Bearish (Primary Bias):
❌ Rejection from $5,100 sends price back to $4,900 → $4,850.
❌ Breakdown below $4,850 exposes $4,700 → $4,650.
🚀 Gold is coiling under supply. Expect expansion soon — let the breakout confirm before committing. Bias remains cautiously bearish until supply is reclaimed.
