February 27, 2026 Spot Gold Evening Analysis

Throughout the day, gold generally moved higher with oscillations, fluctuating between 5170 and 5195, without significant gains or losses. It is a consolidation after a rally, currently quoted at approximately $5177.

Tonight's key news focus is the US PCE data, which is a critical inflation indicator. If the data exceeds expectations, the dollar will strengthen, and gold may face downward pressure; if the data is below expectations, it will be positive for gold to rebound. Additionally, on Friday, weekend risk aversion may lead to cautious trading, and volatility could increase toward the close.

From a technical perspective, the overall trend for gold remains bullish, with short-term oscillations between 5160 and 5200. 5160 is the first support level; a break below could see a key defense at 5140. 5200 is a strong resistance; only a breakout can push for new highs. Indicators show neither bulls nor bears are exerting strong momentum, awaiting data to determine the direction.

Evening Trading Suggestions: Focus on stability, avoid chasing trades.
If the price pulls back and stabilizes around 5145-5155, consider going long with a stop loss at 5135, targeting the 5190-5200 range;

If the price faces resistance near 5195-5205, consider a light short position with a stop loss at 5215, targeting 5160-5150. Strictly set stop losses, control position sizes, and trade quickly in response to data.

These are personal suggestions for reference only and do not constitute investment advice. Please follow Cheng Jingsheng's layout for specific strategies! $XAU ‌#XAU