Gold Intraday: continuation of the rebound
Feb 4, 2026 10:22 AM
long positions above 4905 with targets at 5240 & 5360 in extension.
Pivot: 4905
Our preference:
long positions above 4905 with targets at 5240 & 5360 in extension.
Alternative scenario:
below 4905 look for further downside with 4745 & 4620 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
5450
5360
5240
5062 Last
4905
4745
4620
Our preference:
long positions above 4905 with targets at 5240 & 5360 in extension.
Alternative scenario:
below 4905 look for further downside with 4745 & 4620 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
5450
5360
5240
5062 Last
4905
4745
4620
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