February 4, 2026 $XAU Gold Market Analysis and Trading Strategy Recommendations

Trend Nature: The market has just experienced a sharp downtrend and is currently in the first strong rebound phase after the decline. This rebound is challenging the downward pressure, with bulls and bears engaging in a tug-of-war around the current level (near 5000), but a trend reversal has not yet been confirmed.
Key Level Analysis:
Upper Key Resistance Levels:
1. Strong Resistance Zone: 5100 - 5150. This is near the recent rebound high (5094) and also the lower boundary of a consolidation platform during the previous decline. Breaking through this zone is necessary to open further upside space.
2. Stronger Resistance: 5300 - 5350. This is the dense trading area where the sharp decline began on January 30, and it is also where the EMA slow line may press downward in the future.

Lower Key Support Levels:
1. Recent Support: 4950 - 4980. Close to the current EMA fast line and the midpoint of recent oscillation ranges. Falling below this level would weaken the rebound structure.
2. Strong Support Zone: 4850 - 4900. This platform area was formed during early February oscillations and is also the starting point of this rebound. If broken, it may test the previous low again.
3. Ultimate Support: 4440 (Previous Low). This is the last line of defense that must be held. Falling below indicates the continuation of the downtrend and possibly new lows.

Trading Suggestions (for reference only):
At the current position, it is not advisable to chase the market higher. Focus on the price action between the resistance zone (5100-5150) and support zone (4950-4900).
A volume breakout above resistance can be seen as a strong trend reversal signal;
A decrease in volume and stabilization at support can be viewed as a low-entry opportunity within the oscillation range.
Pay close attention to changes in trading volume and whether the EMA forms a golden cross to confirm further trend development. #黄金价格 # Silver