Gold Price Prediction Tomorrow, February 10, 2026

Jakarta, Pintu News – Gold prices (XAU/USD) moved steadily on Monday (9/2), firming up after wild moves at the end of last week as fundamentals still support demand.

At the time of writing, XAU/USD is trading around $5,010 (IDR 84,263,190), up almost 1.15% on a daily basis, with the intraday high recorded near $5,047 (IDR 84,885,493).

However, the precious metal is yet to receive a strong follow-through buying push. High volatility in the precious metals market has led speculators to pull back. At the same time, market participants are also cautious ahead of the release of a series of important US economic data this week, particularly the pending Nonfarm Payrolls (NFP) report and Consumer Price Index (CPI) data.

The upcoming US data has the potential to shape expectations regarding when the US central bank, the Federal Reserve (Fed), will again start cutting interest rates, with the market currently expecting two cuts this year.

Read also: Gold Buyback Price Today, February 9, 2026

Meanwhile, early progress in talks between the US and Iran signaled an easing of geopolitical tensions. This could reduce short-term fund flows into safe haven assets like gold, as fears of direct military action begin to ease.

Even so, the Fed’s dovish outlook, supported by a weakening US Dollar (USD), continued geopolitical and economic uncertainty, and solid institutional demand, all remain in favor of the potential for further strength in gold prices.

Weak Dollar, Fed Uncertainty, and Institutional Demand Continue to Support Gold

Bloomberg reported on Monday that US Treasury Secretary Scott Bessent said trade activity in China helped drive sharp movements in gold prices last week. In an interview on Fox News he said, “This movement in gold – the situation in China is somewhat out of control. They’ve had to tighten margin requirements. So I think gold right now looks like a classic speculative blowoff phase.”

The US Dollar (Greenback) remains under pressure as US President Donald Trump’s unpredictable trade and foreign policy, repeated criticism of the Federal Reserve’s independence, and the growing US debt burden all cast doubts on policy credibility.

In China, authorities are reportedly urging domestic banks to reduce their exposure to US Treasuries due to concentration risk concerns and increased market volatility, according to a Bloomberg News report citing sources familiar with the matter. However, this call does not apply to holdings of US Treasuries held directly by the Chinese government.

The US Dollar Index (DXY), which measures the greenback’s performance against a basket of six major currencies, traded near a four-day low around 97.36, extending its decline for the second consecutive day.

China’s central bank, the People’s Bank of China, extended its gold buying trend to the 15th consecutive month in January. Gold holdings rose to 74.19 million troy ounces from 74.15 million in December. The value of China’s gold reserves increased to $369.58 billion at the end of January, from $319.45 billion a month earlier.

Read also: Antam Silver Price Today, Monday, February 9, 2026

Stablecoin company Tether purchased a 12% minority stake in the Gold.com platform for $150 million. Under the partnership, the Tether Gold (XAUT) product will be integrated directly into the Gold.com platform, allowing users to buy, sell and store tokenized gold alongside physical bullion. Each XAUT token represents ownership of one troy ounce of London Good Delivery standard gold stored in a secure vault in Switzerland, according to Tether’s official announcement.

Gold Technical Analysis: Buyers on Falling Prices Remain

In the short term, gold’s technical bias remains neutral to bullish, with dip buyers continuing to hold the slide after last week’s sharp volatility.

On the daily chart, the 21-day Simple Moving Average (SMA) is above the 50-day SMA and both are still climbing, signaling an uptrend that is still quite strong below the surface.

On the upside, the $5,000 (IDR 84,095,000)-$5,050 (IDR 84,935,950) resistance zone still limits the upside attempts in the near term. A clean daily close above this area would signal a new strengthening of the bullish momentum and open up upside room towards the next target around $5,200 (IDR87,458,800).

On the downside, as long as buyers are able to hold the key $5,000 (IDR 84,095,000) level, the immediate support is at the 21-day SMA area around $4,872 (IDR 81,942,168), followed by the 50-day SMA around $4,563 (IDR 76,745,097).

The Relative Strength Index (RSI) indicator is currently at 57, rebounding after earlier dropping from the extreme overbought area, indicating that the upward momentum has eased slightly but still remains positive overall. Even so, volatility is still high. The Average True Range (ATR) at 215.74 still reflects a wide daily range of movement.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FX Street. Gold stabilizes near $5,000 on weaker Dollar and supportive fundamentals. Accessed on February 9, 2026