Gold Intraday: towards 5110
Feb 3, 2026 11:22 PM
long positions above 4850 with targets at 5000 & 5110 in extension.
Pivot: 4850
Our preference:
long positions above 4850 with targets at 5000 & 5110 in extension.
Alternative scenario:
below 4850 look for further downside with 4745 & 4620 as targets.
Comment:
the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
5240
5110
5000
4948 Last
4850
4745
4620
Our preference:
long positions above 4850 with targets at 5000 & 5110 in extension.
Alternative scenario:
below 4850 look for further downside with 4745 & 4620 as targets.
Comment:
the RSI has just landed on its neutrality area at 50% and is turning up.
Supports and resistances:
5240
5110
5000
4948 Last
4850
4745
4620
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