{"id":23610,"date":"2026-02-23T04:39:18","date_gmt":"2026-02-23T04:39:18","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23610"},"modified":"2026-02-23T04:39:18","modified_gmt":"2026-02-23T04:39:18","slug":"daily-commentary-343","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/th\/daily-commentary-343-20260223\/","title":{"rendered":"XAU\/USD \u0e40\u0e25\u0e47\u0e07\u0e1b\u0e34\u0e14\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19\u0e40\u0e2b\u0e19\u0e37\u0e2d\u0e41\u0e19\u0e27\u0e15\u0e49\u0e32\u0e19 Fibo 61.8% \u0e17\u0e35\u0e48\u0e2a\u0e33\u0e04\u0e31\u0e0d"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold stands tall above $5,150 amid trade, economic and geopolitical concerns linger. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>The US Dollar licks wounds as \u2018Sell America\u2019 theme resurfaces on Trump\u2019s tariff woes. \u00a0<\/strong><\/li>\n\n\n\n<li><strong>Gold cracks the critical 61.8% Fibo resistance at $5,142, awaits a daily closing above it.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gold is adding over 1% early Monday, after having gained 2% on Friday. The bright metal scales key technical hurdles, as buyers stay strong amid renewed tariffs and economic uncertainty alongside looming US-Iran geopolitical tensions.<\/p>\n\n\n\n<p>Gold kicks off the week with a bang as US President Donald Trump\u2019s tariff announcements spark confusion and dent investors\u2019 confidence, fuelling a flight to safety and \u2018sell America\u2019 theme once again across the financial markets.<\/p>\n\n\n\n<p>The US Supreme Court on Friday rejected Trump\u2019s emergency tariffs, prompting the President to announce a new 10% rate on the rest of the world, only to then lift it to 15%. The move rekindled market concerns over a highly uncertain and volatile environment, acting as a headwind for the US assets, including the US Dollar .<\/p>\n\n\n\n<p>The US Treasuries were also negatively hit as Trump\u2019s latest tariffs raised the possibility of the US government having to repay around $170 billion in revenue.<\/p>\n\n\n\n<p>Additionally, markets also preferred to flock to the traditional store of value, Gold, amid unimpressive US economic data and nervousness ahead of the Artificial Intelligence pioneer Nvidia\u2019s earnings report this week.<\/p>\n\n\n\n<p>Data showed US economic growth slowed sharply to a 1.4% annualized rate in the Q4, well under the market forecast of 3%, while the Fed&#8217;s preferred inflation gauge, the core PCE Price index, rose 3% annually in December, above expectations for a 2.9% increase.<\/p>\n\n\n\n<p>Traders still expect at least 50 basis points of interest rate cuts by the Fed this year, with the first expected in June. Gold thrives on lower rates.<\/p>\n\n\n\n<p>In the week ahead, Gold will continue to rejoice haven demand, with Chinese traders returning from a week-long holiday on Tuesday and reacting to Trump\u2019s tariff news. Meanwhile, geopolitical risks also remain on the rise ahead of the second round of talks between the US and Iran in Geneva on Thursday.<\/p>\n\n\n\n<p>Nvidia earnings on Wednesday and the US PPI data will ramp up the market volatility later this week as tariff headlines remain the central focus.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\">\u0e01\u0e32\u0e23\u0e27\u0e34\u0e40\u0e04\u0e23\u0e32\u0e30\u0e2b\u0e4c\u0e17\u0e32\u0e07\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04\u0e23\u0e32\u0e22\u0e27\u0e31\u0e19<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/02\/image-5-1024x364.png\" alt=\"\" class=\"wp-image-23611\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/02\/image-5-1024x364.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/02\/image-5-300x107.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/02\/image-5-768x273.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/02\/image-5-18x6.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2026\/02\/image-5.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>The 21-day SMA rises above the 50-, 100- and 200-day SMAs, reflecting firm bullish momentum as all gauges trend higher while price holds above them. The 21-day SMA stands at $5,020.15 and offers nearby dynamic support. The Relative Strength Index (14) sits at 59.76 and is edging higher, reinforcing improving upside momentum without reaching overbought.<\/p>\n\n\n\n<p>Measured from the $5,597.89 high to the $4,401.99 low, the Fibo framework shows the 78.6% retracement at $5,341.96 capping the upside. The 61.8% retracement at $5,141.05 has been cleared, and a daily close over that barrier would open room toward the 78.6% Fibo resistance. On pullbacks, the 50-day SMA at $4,723.32 offers a deeper support area.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is adding over 1% early Monday, after having gained 2% on Friday. The bright metal scales key technical hurdles, as buyers stay strong amid renewed tariffs and economic uncertainty alongside looming US-Iran geopolitical tensions. Gold kicks off the week with a bang as US President Donald Trump\u2019s tariff announcements spark confusion and dent investors\u2019 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/th\/daily-commentary-343-20260223\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XAU\/USD eyes a daily closing above key 61.8% Fibo resistance&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-23610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/comments?post=23610"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23610\/revisions"}],"predecessor-version":[{"id":23612,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/posts\/23610\/revisions\/23612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/media?parent=23610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/categories?post=23610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/th\/wp-json\/wp\/v2\/tags?post=23610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}