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Indonesia News Portal for Traders | Financial & Business Updates

4 February 2026 08:24  |

Gold Recovers, Here's the Next Target!

Gold rose on Wednesday in Asia (February 4th). Gold rose again and broke through $5,000/ounce after "buy the dip" buyers stepped in following the crash from record highs. At the start of the Asian session, gold rose 2.1% to around $5,048, while silver also strengthened.

Market participants believe that forced selling pressure is easing, but volatility remains high. Several banks remain confident that gold can continue to recover—Deutsche Bank still holds a target of $6,000/ounce. (asd)

The gold price at the time of this analysis was $5,034

- Buy if the price is at $5,042

- Sell if the price is at $4,921

Resistance 2: $5,161

Resistance 1: $5,132

Support 1: $4,891

Support 2: $4,861

Disclaimer

This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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