KUALA LUMPUR, Feb 21 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade with a positive bias next week.
RHB Investment Bank Bhd recommends that traders hold on to the long position initiated at US$5,098.50 per troy ounce while to manage the downside risks, the initial stop-loss threshold is fixed at US$4,800 per troy ounce.
“The first support is marked at US$4,800 per troy ounce, followed by the next one at US$4,550 per troy ounce. Meanwhile, the immediate resistance is at US$5,500 per troy ounce, followed by the higher resistance at US$5,700 per troy ounce,” it said in a research note on Friday.
On a week-on-week basis, February 2026 rose to US$5,046.30 per troy ounce from US$4,977.30 per troy ounce, and March 2026 increased to US$5,063.30 per troy ounce from US$4,994.30 per troy ounce.
April and May 2026 improved to US$5,081.10 per troy ounce from US$5,011.90 per troy ounce previously.
The June and August 2026 contracts also settled higher at US$5,115.0 per troy ounce versus US$5,045.80 per troy ounce previously.
Weekly trading volume weakened to 26 lots from 41 lots a week earlier, while open interest declined to 98 contracts from 484 contracts.
The price of physical gold was fixed at US$5,004.80 per troy ounce at the London Bullion Market Association afternoon fix on Feb 19, 2026.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
