February 5th Gold Morning Review | Negotiation Changes + Non-Farm Payroll Delayed, Safe-Haven Reflow, Low Multi-Window Opened
News reversal in the early hours: The US-Iran-Oman negotiations were canceled due to topic disagreements, while military deployments in the Middle East continue to escalate; at the same time, part of the US government is shut down, and the Non-Farm Payroll on February 6th is forced to be delayed. Geopolitical uncertainty + data vacuum period, safe-haven sentiment flows back into gold.
From the chart perspective, the rapid rebound from 4850 was quickly supported last night, and the 1-hour and 15-minute charts have re-established themselves above the middle Bollinger band, while the 4-hour maintains a bullish repair structure. Moving averages are turning upwards, MACD red bars are rising again, and RSI has returned to a strong zone but is not overbought—this is a re-launch pattern after the pullback.
Support: 4955, 4910, 4900, 4850
Resistance: 5000, 5055, 5091-5100, 5225
Operational Thoughts
4900–4920 gradually adding long positions,
XAG is weaker than gold but shows a clear bottom lift, moving up along the middle track on the 1-hour chart.
Support: 85, 83.5, 82.2
Resistance: 89, 92, 101
Lightly buying near 85, with a target of 89–92, watch if it breaks below 83.5.
The current rhythm is not about chasing highs, but waiting for pullbacks and the secondary strength of bulls.
$XAG
$XAU
