tradingkey.logo

Gold Short Term: under pressure

Feb 2, 2026 6:50 AM
short positions below 5000 with targets at 4270 & 4000 in extension.
image
Pivot: 5000
Our preference:
short positions below 5000 with targets at 4270 & 4000 in extension.
Alternative scenario:
above 5000 look for further upside with 5400 & 5600 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
5600
5400
5000
4549 Last
4270
4000
3890
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
KeyAI