Gold Intraday: rebound expected
Jan 29, 2026 11:08 PM
long positions above 5285 with targets at 5520 & 5590 in extension.
Pivot: 5285
Our preference:
long positions above 5285 with targets at 5520 & 5590 in extension.
Alternative scenario:
below 5285 look for further downside with 5200 & 5110 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
5700
5590
5520
5379 Last
5285
5200
5110
Our preference:
long positions above 5285 with targets at 5520 & 5590 in extension.
Alternative scenario:
below 5285 look for further downside with 5200 & 5110 as targets.
Comment:
the RSI is below its neutrality area at 50% but reversing up.
Supports and resistances:
5700
5590
5520
5379 Last
5285
5200
5110
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