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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 05/02/2026

Fundamental analysis

05 February, 2026

Gold prices are trading in today’s European session below 4900 levels.
Gold continued to fall by around -2% to below $5,900 in the European session, slowing down its recovery from the steepest price correction in almost a decade. This pressure is mainly due to a strengthening US dollar, and easing geopolitical tensions between the United States and China, following a positive call between President Trump and President Xi . However, given the high tensions in the middle east, and the fact that major banks have left their near term price targets unchanged, this indicates that gold prices are more likely than not to continue recovering.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 05/02/2026
Time Frame: 1 hour

GOLD Support & Resistance Table - 05/02/2026

Support & Resistance Level Explanation
Resistance 2 5189.99 Daily R2
Resistance 1 5044.71 Daily R1
Support 1 4657.29 Daily S1
Support 2 4512.01 Daily S2

GOLD Indicator Table - 05/02/2026

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

GOLD Indicator / Period Table - 05/02/2026

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell BuyBuy
SMA 20 Sell BuyBuy

GOLD 05/02/2026 - Reference Price : 4866.79

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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