TechFlow News: On February 8, according to JIN10 Data, Investinglive analyst Adam Button stated that gold failed to hold above the $5,000 level this week—an undoubtedly disappointing outcome. However, comparing gold’s performance with silver reveals gold remains relatively stable. That said, the pronounced volatility cannot be ignored and has indeed generated unease.
Over the coming week, the most favorable scenario for gold would be a decline in volatility—even if that implies a modest price pullback. Unfortunately, gold’s volatility is unlikely to subside rapidly; it typically eases only gradually after persisting for an extended period.
In the coming days, markets will closely monitor potential catalysts arising from developments in Iran and Ukraine. Additionally, Wednesday will bring the latest U.S. nonfarm payrolls report. For bulls, a retreat in the U.S. Dollar Index could provide some encouragement and potentially act as an upside catalyst.
Notably, gold has demonstrated resilience amid a series of margin hike shocks—reflecting underlying buying support in the market. Ultimately, if gold consolidates within the $4,500–$5,000 range for several weeks—or even months—that would signal positive momentum. On the downside, gold’s traditional seasonal uptrend is now nearing its conclusion.
