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Gold Short Term: bounce

Feb 4, 2026 2:10 AM
long positions above 4650 with targets at 5400 & 5600 in extension.
image
Pivot: 4650
Our preference:
long positions above 4650 with targets at 5400 & 5600 in extension.
Alternative scenario:
below 4650 look for further downside with 4410 & 4270 as targets.
Comment:
the RSI calls for a bounce.
Supports and resistances:
6000
5600
5400
5058 Last
4650
4410
4270
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