February 5, 2026 Spot Gold Night Analysis

Spot gold tonight primarily moves within a range, with a focus on oscillating corrections and buying on dips.

On the news front, the core initial jobless claims data has not yet been released, leading the market to stay cautious. Coupled with the easing of US-Iran talks suppressing safe-haven demand and soft ADP employment data supporting rate cut expectations, the mixed factors cause gold prices to remain volatile for now.

Technically, gold prices dipped to a low of 4783 intraday before rebounding. Currently, they are oscillating around 4830. Strong support is seen at 4780-4800, while short-term resistance forms at 4900-4930. Indicators suggest a sideways correction with no clear direction.

Tonight, focus on the 21:30 release of initial jobless claims data. Before the data is released, gold is likely to stay within a range. A breakout will depend on the data guidance.

In terms of trading, rely on key support and resistance levels for high sell and low buy. Be cautious of a breakout after the data release that could trigger a one-sided trend. Strictly manage risk with stop-loss orders; avoid chasing rallies or selling in panic.

The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng Shipan’s layout for specific strategies!!$XAUT ‌#XAU