International gold and silver market analysis: On February 10, the gold market news analysis indicated that during the U.S. trading session on Monday, February 9, spot gold fluctuated with an upward trend, currently trading near $5,040 per ounce with an intraday increase of approximately 0.7%. It had previously reached around $5,046 per ounce. Amid escalating long-range strike confrontations in the Russia-Ukraine conflict, Ukrainian President Zelensky is actively seeking international support to prevent the destruction caused by the war from becoming "normalized" by the international community. After suffering over 3,300 various ammunition attacks within a week, he warned, "The world cannot turn a blind eye to Russian attacks. When there is no global response, the attacks become more frequent and brutal." The Russia-Ukraine conflict has entered a new phase of long-range strikes and infrastructure attacks, which will significantly and continuously support gold prices through three main channels: strengthening safe-haven demand, creating uncertainty in energy supply, and triggering geopolitical risk premiums.

Gold technical analysis: Gold opened higher on Monday morning, reaching a high near $5,045, further expanding profits from the long positions established at $4,700 last week. Similar to last week's strategy of buying on dips at the $4,400 support level, this week requires monitoring whether the $5,100 level is breached. As mentioned last week, below $5,100, gold may experience weak volatility with potential back-and-forth movements. However, once it stabilizes above $5,100, the bullish trend for gold will begin, making upward movement relatively easier, with a next target of $5,350. From a technical perspective, the daily chart shows a clear upward trend. After testing $4,650 for the second time, gold surged, closing with a bullish candlestick and breaking above the middle Bollinger Band. Consequently, if the daily chart continues to form bullish candles this week, it is likely to break above $5,100, targeting the upper Bollinger Band at $5,350. Whether it can surpass $5,600 will depend on stimulus from numerous data releases this week.

Although the outlook is bullish, caution is advised as gold has not yet broken above $5,100, and the H4 chart's upper Bollinger Band has not opened up, indicating that absolute strength has not been confirmed. This means a pullback could occur at any time. For shorter timeframes, support near $4,935 should be monitored, considering buying on dips. Key market movements for the week will begin on Wednesday, focusing on data-driven stimuli. Overall, for today's short-term trading strategy in gold, the recommended approach is to primarily buy on dips, with secondary selling on rallies. Key short-term resistance levels are focused between $5,055 and $5,100, while major short-term support lies between $4,980 and $4,930.