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Gold Intraday: the downside prevails

Feb 5, 2026 11:38 PM
short positions below 4890 with targets at 4710 & 4610 in extension.
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Pivot: 4890
Our preference:
short positions below 4890 with targets at 4710 & 4610 in extension.
Alternative scenario:
above 4890 look for further upside with 4970 & 5020 as targets.
Comment:
the RSI shows downside momentum.
Supports and resistances:
5020
4970
4890
4751 Last
4710
4610
4475
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