Gold Intraday: the downside prevails
Feb 5, 2026 9:58 PM
short positions below 4850 with targets at 4710 & 4655 in extension.
Pivot: 4850
Our preference:
short positions below 4850 with targets at 4710 & 4655 in extension.
Alternative scenario:
above 4850 look for further upside with 4890 & 4940 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
4940
4890
4850
4761 Last
4710
4655
4610
Our preference:
short positions below 4850 with targets at 4710 & 4655 in extension.
Alternative scenario:
above 4850 look for further upside with 4890 & 4940 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
4940
4890
4850
4761 Last
4710
4655
4610
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