Daily Gold Analysis | Feb 4, 2026 (Wednesday)
Well well well, what a market this has become. Honestly, if you let fear, greed, or overtrading get the best of you right now, you could lose all your assets. All right, gold moved exactly as we expected and it’s just continuing to go up like this.
The Bull Trap: Why the Current Rally is Deceptive
Now, as someone who has just recently entered the market and is actively investing or trading, you might think to yourself, ‘Yes, gold has finally turned bullish and now it is going to keep climbing further and set brand new highs.’ But that’s not the case at all, and I’m going to explain to you why.
Gold Price Targets and the $5,400 Resistance.
Gold Price Targets and the $5,400 Resistance
Well, welcome. Today is February 4th, 2026, and we can see that gold is moving exactly as predicted. We have even successfully moved well beyond that significant milestone of $5,000, and now it is finally reaching the exact point we have been aiming for all along; that is at $5,400. Our expectation is that gold, from $5,400 up to a maximum of $5,430—let me clarify this—we expect it to start dropping again from this area ($5,400).
Closing Positions and Taking Profits
Of course, as you might expect, I have already gone ahead and closed out my own personal trading position and now, if you’ll just take a look at the screen, let me show you the details of that closed position as well. Well yes, as you can see, I’ve officially closed my own position as well. And what you are looking at here right now is my fully closed position; it belongs entirely to me. Actually, to be more specific, there were two separate positions that were closed, and there’s also another position to consider—it was a $500 one, yes.
Stepping Back to Avoid FOMO
And whether it’s simply out of a fear of missing out on the next move or whatever else you might want to call it, the trade is done. I decided it was the right time to step back and secure the results you see on the screen. For now, I’ve emptied my balance and taken my profit from the market.
Strategy for the Next Downward Move
If it reaches $5,400 gold, and if I see a bearish reaction there in the market, I’ll go for a sell. And at the very least, we can expect it to break through these areas as well($4,392); for gold, we can expect a downward trend.
Crypto Market Analysis: A Rare Opportunity
Regarding crypto, for those friends who work with crypto, look: one of the opportunities that I really think won’t come around again in the crypto world—will such an opportunity really not come again? If you open the weekly chart of the market, crypto is at its bottom. On the weekly chart, it’s at the same spot on the RSI as when Bitcoin was at $16,000, and right now it’s exactly there. It’s not the case that we should look at the market like this and say, ‘Well, Bitcoin is about to go bearish.’ No, that’s not it.
Technical Indicators: Logarithmic Scale & Tether Dominance
It’s better to enable the logarithmic scale, and you’ll see that compared to previous drops, we really haven’t had a significant decline for Bitcoin. It’s expected that it will move upward. Also, check Tether dominance. Tether dominance is at one of its highest levels ever, and on the RSI, it’s also overbought. So, it’s expected that we’ll see a very strong pump in crypto.
Final Advice and the Ripple (XRP) Example
If we check any of the coins, for example, if we look at Ripple, if we view the market logarithmically, we can see that it’s just making a pullback and nothing significant has happened in the market. Personally, I’ve gone all in and put all my capital into crypto, and I recommend that—well, maybe not all your capital—but get into crypto as much as you can. This is an opportunity that won’t come again. Good luck.
