Gold Analysis – 06.Feb.2026
Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that price moved exactly as expected yesterday and hit the $4,876 target, even extending up to $4,907. This move delivered more than 580 pips of profit. After reaching $4,907, gold corrected sharply and dropped to $4,655.
Once price reached this key demand zone, strong buying pressure stepped in and pushed gold back above $4,900. Currently, gold is trading around $4,883. Now the key question is whether gold will be rejected from this level again or not. If price does not get rejected here, we can once again expect a move toward levels above $5,000. This analysis will be updated.
(This Post on TradingView)
Author : Arman Shaban
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