Gold Intraday: the downside prevails
Feb 5, 2026 5:27 PM
short positions below 4940 with targets at 4795 & 4710 in extension.

Pivot: 4940
Our preference:
short positions below 4940 with targets at 4795 & 4710 in extension.
Alternative scenario:
above 4940 look for further upside with 5020 & 5090 as targets.
Comment:
a break below 4795 would trigger a drop towards 4710.
Supports and resistances:
5090
5020
4940
4879 Last
4795
4710
4655
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