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Friday, 27 February 2026
Gold prices remained stable above a recently broken ascending trendline on the four-hour chart, as traders monitor U.S. inflation data, Treasury yields, and dollar movements for the next directional signal.
Gold prices traded sideways at the start of today’s session while maintaining stability above the recently breached ascending trendline on the four-hour timeframe.
The daily pivot level stands at $5,162 per ounce, and sustained trading above this level supports the short-term bullish structure.
Nearest resistance levels are located at $5,248 followed by $5,215, while support levels appear at $5,113 and then $5,078 per ounce.
Overall, the short-term outlook remains positive as long as prices hold above the pivot and the ascending trendline.
From a fundamental perspective, the U.S. dollar weakened slightly following a modest rise in jobless claims, despite broader stability in the labor market.
U.S. Treasury yields also declined ahead of key inflation data, including the Producer Price Index, as markets assess the outlook for future monetary policy decisions.
Meanwhile, U.S.–Iran talks concluded without a final agreement, though signals of potential progress helped keep geopolitical risks in focus.
Gold responded by maintaining recent gains, supported by lower yields and continued global uncertainty.