On February 6, gold experienced a significant decline but has since staged a strong rebound over recent days. However, emphasis has been placed on the importance of the short-term resistance level around 5100. On Wednesday, it was highlighted to monitor the strength of the upward move and watch for a decisive break above 5100. With prices repeatedly testing but failing to surpass this level, timely and real-time recommendations were given to initiate short positions around 5100, with a stop-loss set above this level, as only a clear break above 5100 would signal further upward momentum for the bulls; otherwise, a pullback by the bears is expected.

No article was published on Thursday due to other commitments, but in live trading, it was emphasized that after gold faced resistance at the 5100 level and formed a long upper shadow, a retracement could be expected. It was also noted that if the price broke below the session's low during the U.S. trading hours, further declines would likely follow. Market movements unfolded as anticipated, with gains of over 30 USD easily achievable recently. Currently, gold remains within the 5100–4400 range. Although the range is gradually narrowing, daily fluctuations of 200–300 USD are common. Accurate positioning and timing are key to capturing profits within this volatile, range-bound market.

From a technical perspective, after the sharp drop from 5600, gold rebounded to 5450 before continuing its decline to new lows, bottoming around 4402 before stabilizing and staging a strong rebound. A secondary low was identified around 4600. Today, after pulling back, gold found support around 4655 and rebounded. On the 1-hour chart, two long lower shadow candlesticks formed near the low, indicating a potential rebound. Therefore, if gold tests the lower levels during the Asian session and continues to rise during the European and U.S. sessions, today's upward move should be viewed with 4655 as a defensive level. Attention remains on whether 5100 will be broken. Friday's trading often brings unexpected volatility; if 5100 is not breached, expect short-term choppy consolidation. A break above this level would signal a follow-up long position for further gains.