Daily Gold Analysis Feb 7, 2026 (Saturday)

Analysis of the Current Gold Status and Monday Session

Hello, let’s have a daily analysis of gold. Today is February 7, 2026. Yesterday, gold moved exactly as expected to this specific area ($4,825) and was supported from there upwards. What can we expect from the market? Today and tomorrow the market is closed, but everything depends on the opening of the Sydney session early next week, or very early Monday morning in Dubai time. We must see how the global financial market opens.

Crypto Market and Fear & Greed Index

First, let’s look at the crypto market. As I told you, we could consider $60,000 as the market bottom seen yesterday. We just had a pullback to the 2021 all-time highs, the range of about $60,000 to $68,000, and my expectation for crypto is bullish. Contrary to the overwhelming sense of fear and panic on social media, we saw the Fear and Greed index reach an extreme low of 8 for the first time in history. However, market sentiment shifted quickly in just one day to 80% bullish, allowing us to expect a price increase. We broke a resistance, did a pullback, and are now moving upward.

Personal Strategy and Gold vs. Crypto

I have personally gone all-in on the crypto market rather than gold and silver. Gold has already reached its peak; for example, if you buy at $5,000, you might sell at $6,000 at best. But the crypto market is a good opportunity now—buy when everyone else is selling.

Technical Analysis and the $5,400 Target

Regarding gold, it hit the 38% wave support at $4,825 and moved up. It’s natural that if someone took a long position here ($4,831) on Friday, the market wouldn’t reach our $5,400 target immediately. They want to pressure traders into closing their positions before the weekend. I closed my own trade around these areas ($4,944) with a good profit, but I still expect the market to reach $5,400. We have passed the important resistance zone at approximately $4,945 and completed a pullback, so there is an 80% probability of an upward move from here.

Monday Opening Scenarios

With the gold market opening on Monday morning, we expect a direct move up. It might reach these areas ($5,090), potentially give us another pullback ($5,011), and then move toward $5,400, which could be the top of this move. If the market opens with a gap, it might fill it or go straight up; that depends on your risk strategy. However, if the price moves downward during the Sydney session, we can expect it to drop to the $4,710 area before heading toward $5,400. We must wait for the opening to decide on entering a trade.

Closing Remarks

The market is closed today and tomorrow; take a rest so you can enter the market with full discipline on Monday. Wishing you happiness and success.