Gold and Silver Markets Maintain Status Quo
The live spot prices of gold (XAU) and silver (XAG) have remained relatively flat, with both metals showing no significant price movement. As of February 18, 2026, the current prices are:
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Gold (XAU) | 4911.10 | 0.00 | 0.00% | 4960.21 | 4861.99 |
| Silver (XAG) | 575.28 | 0.00 | 0.00% | 581.03 | 569.53 |
Technical Analysis: Gold (XAU)
The price action in gold has been characterized by a lack of momentum, with the metal trading within a tight range. The Relative Strength Index (RSI) is at 50, indicating that gold is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) histogram remains neutral.
In terms of chart patterns, the daily candlestick formation shows a symmetrical triangle pattern, which often precedes a breakout or breakdown. However, given the current indecisive price action, it's challenging to predict whether gold will break above or below its current levels.
Macro Analysis: Gold (XAU)
From a macroeconomic perspective, gold has been influenced by the rising inflation expectations and interest rates in major economies. The Federal Reserve's decision to maintain a hawkish stance on monetary policy has contributed to higher yields, which in turn have weighed on gold prices. Additionally, the strengthening US dollar has further suppressed gold demand.
However, it's essential to note that gold is often used as a hedge against inflation and currency fluctuations. As such, if inflation expectations rise or the USD weakens, gold prices may experience an upward correction.
Short-Term Trading Bias: Hold
Given the current price action and macroeconomic environment, our short-term trading bias for gold is HOLD. The lack of momentum and neutral technical indicators suggest that a breakout or breakdown is equally likely. Traders should exercise caution and consider waiting for a clearer trend direction before entering positions.
Key Support and Resistance Levels: Gold (XAU)
| Level | Price |
|---|---|
| Key Support 1 | 4850.00 |
| Key Support 2 | 4800.00 |
| Key Resistance 1 | 5000.00 |
| Key Resistance 2 | 5100.00 |
Technical Analysis: Silver (XAG)
Similar to gold, silver has also shown a lack of price movement, with the RSI and MACD indicators remaining neutral. The daily candlestick formation displays a bearish engulfing pattern, which suggests that silver may be experiencing selling pressure.
Macro Analysis: Silver (XAG)
From a macroeconomic perspective, silver's performance is closely tied to gold's. However, silver has been more volatile due to its smaller market size and higher leverage. The current weakness in the global economy and rising interest rates have contributed to lower industrial demand for silver, leading to a decline in prices.
Short-Term Trading Bias: Sell
Our short-term trading bias for silver is SELL. The bearish engulfing pattern on the daily chart suggests that selling pressure may continue, and traders should consider taking profits from long positions or initiating new shorts.
Key Support and Resistance Levels: Silver (XAG)
| Level | Price |
|---|---|
| Key Support 1 | 560.00 |
| Key Support 2 | 550.00 |
| Key Resistance 1 | 600.00 |
| Key Resistance 2 | 620.00 |
Actionable Insights and Risk Management Reminders
Investors should remain cautious in the current market environment, as both gold and silver have shown little price movement. It's essential to maintain a diversified portfolio and adjust positions according to changing market conditions.
For traders, it's crucial to set clear risk management strategies, including stop-loss orders and position sizing, to mitigate potential losses. Consider waiting for clearer trend directions or breakouts before entering new positions.
As always, stay informed about market developments, and remain vigilant in your trading and investment decisions.
By Malik Abualzait
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