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19.02.2026 04:32 PM
Trading Signals for GOLD (XAU/USD) on February 19-22, 2026: sell below $5,000 (21 SMA - 8/8 Murray)

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Gold is trading around $4,984, above the 200 EMA and consolidating after breaking through the psychological level of $5,000 yesterday during the US session.

If, in the coming hours, gold pulls back towards $4,930 or towards the 21 SMA located at $4,955, it will be seen as an opportunity to buy with targets at the top of the uptrend channel around $4,140.

The outlook remains positive, so we will look for opportunities to buy in the coming hours if gold consolidates around $4,955 or above the psychological level of $5,000.

If the metal consolidates below $4,930, the price could reach the 200 EMA around $4,846. Gold could even reach the support of the lower band of the uptrend channel around $4,720.

The Eagle indicator is showing a neutral signal, so a technical correction towards support levels is expected in the coming hours in order to resume the bullish cycle.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
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