Daily Gold Analysis Feb 5, 2026 (Thursday)
Crypto Market Status
Hello, let’s do the daily analysis of gold and also take a quick look at crypto for February 5th, 2026. Let’s start with crypto first. We’ll have a very simple and brief look at the market. Ethereum has maintained its price around $2,100; the rest of the altcoins are the same and, in my opinion, the alt season is starting. This is exactly the point where you should be buying, not selling. I’ve seen a lot of people do the opposite on X, formerly Twitter; people are closing their positions and selling. In my opinion, that’s the biggest mistake you can make.
The reason is that there’s a chart (make sure to search for it and find it) that shows the ratio of Bitcoin’s price to the lowest price at which miners keep their machines running. Basically, when Bitcoin’s price drops to that level, miners start turning off their machines because producing new Bitcoin is no longer profitable. This acts as a stop to prevent the price from dropping further. Right now, we’re in that zone. We can say $70,000 is the price floor for Bitcoin. Of course, personally, I expect that Bitcoin won’t have any significant gains for now until the alt season, which hasn’t started yet, finally begins.
Global Gold Analysis
Now about dear gold: as I mentioned in the previous video, it’s continuing its bullish movement toward the $5,400 range. Even with the drop we had yesterday in the $5,100 to $4,800 area, this was a very normal drop in the market and simply a correction. What we expect is for the price to reach our target price, which is $5,400.
If we draw a Fibonacci retracement from the bottom where the move started at $4,400 up to the peak of $5,090, we can see that very nicely, it has taken the 38% Fibonacci level below the price and supported it. I have recently opened my own trade from this point at $4,827. This new trade is aimed at the $5,400 target that we’ve been talking about for a few days, and I’m keeping my position.
Trade Management and Final Target
My trade is open and it’s in profit. But since we’ve already made our profit for this week, even more than expected, I won’t do anything else with this position. I’ll just leave it and get on with my life until this trade hits the TP (Take Profit). In the end, we’ll see what kind of reaction the market shows at that $5,400 level to decide for the next phase. Wishing you happiness and success.
