06.02.202607:01 Forex Analysis & Reviews: Trading Signals for GOLD for February 6-9, 2026: buy above $4,725 (200 EMA - 8/8 Murray)

Relevance up to 00:00 2026-02-20 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold is trading around $4,803, rebounding after reaching 61.8% ($4,650) of the Fibonacci retracement from the low of $4,401 to the high of $5,090.

After this sharp technical correction in less than 24 hours from $5,020 to the 61.8% Fibonacci, gold is rebounding. It is likely to continue rising in the coming days, potentially reaching the psychological level of $5,000. It is expected to exceed this zone and reach the +1/8 Murray around $5,312.

If, in the coming hours, gold could make a technical correction towards the 50% Fibonacci retracement or towards the 200 EMA around $4,727, it will be seen as an opportunity to open long positions.

If gold falls and consolidates below the 61.8% Fibonacci level and below the 200 EMA, the outlook could be negative, and gold is expected to retreat and reach the $4,500 level. It could even reach the January 30 low around $4,400.

The Eagle indicator is showing a positive signal, so it's a good idea to buy gold during a technical correction in the coming hours, provided that the price consolidates above $4,670.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.