{"id":313975,"date":"2026-02-28T02:24:15","date_gmt":"2026-02-28T02:24:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/313975\/"},"modified":"2026-02-28T02:24:15","modified_gmt":"2026-02-28T02:24:15","slug":"gold-accelerates-above-5200-on-track-for-the-seventh-consecutive-monthly-gain","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/313975\/","title":{"rendered":"Gold accelerates above $5200, on track for the seventh consecutive monthly gain"},"content":{"rendered":"<p><a href=\"https:\/\/www.fxstreet.com\/brokers\/best-brokers-to-trade-gold\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Gold<\/a> price jumped in early US session on Friday after holding within a narrow range during Asian \/ European trading, as bull regained traction after three-day consolidation under new recovery high at $5249 (Feb 24).<\/p>\n<p>Overall technical picture remains bullish, with today\u2019s break above the upper boundary of triangle (daily chart) generating initial signal of bullish continuation (sustained break above $5249 peak is needed to confirm).<\/p>\n<p>Today\u2019s lift above $5200 (which capped the action in past couple of sessions) is positive signal, though we need to see a daily close above this level to verify signal.<\/p>\n<p>However, daily Tenkan\/Kijun-sen (in bullish configuration) turned sideways and 14-d momentum continues to descend and diverge from price action that warns of potential further headwinds bulls may face.<\/p>\n<p>On the other hand, fundamentals continue to be supportive, as persisting fears of possible escalation of US -Iran tensions, the newest conflict between Pakistan and Afghanistan and growing uncertainty over US tariffs, continue to fuel safe-haven demand.<\/p>\n<p>Pictures on larger timeframes show firm bullish structure, with gold being on track for the fourth straight weekly and seventh consecutive monthly gain (metal gained around 9% in February).<\/p>\n<p>Short-term action holds well above Fibo 61.8% retracement of $5298\/$4402 correction which indicates that bulls continue to regain control after significant pullback and that corrective phase is heading towards its end.<\/p>\n<p>Broken $5200 level reverted to initial support, followed by more significant points at $5171 (broken triangle\u2019s upper boundary), $5141 (broken Fibo 61.8% which contained action in past three days) and $5100.<\/p>\n<p>Res:\u00a05249; 5300; 5350; 5400<\/p>\n<p>Sup:\u00a05200; 5141; 5100; 5045<\/p>\n<p><img alt=\"\" loading=\"lazy\" width=\"700\" height=\"400\" decoding=\"async\" data-nimg=\"1\" class=\"\" style=\"color:transparent\"   src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/02\/1772245455_467_image.webp\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"Gold price jumped in early US session on Friday after holding within a narrow range during Asian \/&hellip;\n","protected":false},"author":2,"featured_media":119825,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-313975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/313975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=313975"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/313975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/119825"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=313975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=313975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=313975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}