Gold Intraday: key resistance at 5020
Feb 5, 2026 7:50 AM
short positions below 5020 with targets at 4820 & 4745 in extension.
Pivot: 5020
Our preference:
short positions below 5020 with targets at 4820 & 4745 in extension.
Alternative scenario:
above 5020 look for further upside with 5090 & 5170 as targets.
Comment:
as long as 5020 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5170
5090
5020
4914 Last
4820
4745
4620
Our preference:
short positions below 5020 with targets at 4820 & 4745 in extension.
Alternative scenario:
above 5020 look for further upside with 5090 & 5170 as targets.
Comment:
as long as 5020 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5170
5090
5020
4914 Last
4820
4745
4620
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