Published: 11 February 2026,02:36
Chart The Market
Gold, H4:
Gold remains in a constructive recovery phase following the sharp late-January selloff, with price now stabilizing just above the 0.50 Fibonacci retracement near 5,025. The rebound from the 0.236 retracement (4,745) has been orderly, marked by higher lows and improving short-term momentum, suggesting the recent decline was corrective rather than a structural breakdown. Technically, price has reclaimed the broken descending trendline that previously guided the pullback, signaling that bearish momentum has faded.
Momentum indicators support a cautiously constructive outlook. RSI is holding above the 50 midline, reflecting a shift back into bullish territory without entering overbought conditions. This suggests room for further upside expansion if resistance levels give way. Meanwhile, MACD has crossed back into positive territory, with histogram bars gradually building, signaling improving upside momentum though not yet at an impulsive pace.
Overall, gold’s medium-term bias is tilting back toward recovery, with momentum stabilizing and structural support intact but confirmation requires a decisive push through upper retracement resistance to signal trend continuation rather than range-bound consolidation.
Resistance Levels: 5025.00, 5150.00
Support Levels: 4900.00, 4745.00
Crude Oil, H4
Crude oil remains in a broad consolidation phase after the late-January spike toward the 65.80 resistance zone, with price now stabilizing near 64.30. The sharp rejection from the highs and subsequent pullback toward the 61.60 support level marked a reset in momentum rather than a structural breakdown, as buyers stepped back in ahead of deeper retracement levels. Price action over the past several sessions has been characterized by compression between 63.70 resistance and 62.80 support, reflecting equilibrium rather than directional conviction. The market appears to be building a short-term base above the 62.80–61.60 demand cluster, which previously acted as a strong reaction zone following the early-February selloff. From a structural standpoint, higher lows remain intact on the chart, keeping the medium-term bias cautiously constructive.
Momentum indicators reflect this neutral-to-slightly constructive stance. RSI is hovering near the 55 region, slightly above its midline, suggesting modest bullish momentum without overextension. Meanwhile, MACD has flattened near the zero line, with minimal histogram expansion showing a sign that directional momentum is subdued and awaiting a catalyst.
Overall, WTI is transitioning from impulsive volatility into consolidation, with momentum stabilizing and the next directional move likely to emerge from a decisive break of the current range boundaries.
Resistance Levels: 64.70, 65.80
Support Levels: 63.70, 62.80
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