Gold Trade Setup – 4th Feb

Gold is starting the session with momentum still firmly intact after a powerful upside impulse, but the market has now transitioned into a more tactical phase where entry quality matters more than conviction. With headline risk still elevated and safe-haven demand underpinning dips, the broader bias remains constructive. However, rising U.S. yields introduce a meaningful near-term headwind, increasing the likelihood of two-way price action and stop-runs around key data windows. Today’s edge is not in chasing strength, it’s in buying structured pullbacks into clearly defined support/mean-reversion zones or adding only on clean breakout acceptance. The plan below focuses on high-probability areas where liquidity typically clusters, allowing tight invalidation, controlled risk, and favorable Risk Reward, particularly into the NY session where macro releases can rapidly reprice both yields and the USD. Gold Trade Setup: Asset Bias & Entries Stop / Invalidation Targets Why A+ (Fundamentals, Technicals, Sentiment) Price Action Driver Near-term catalysts (UK time) GOLD LONG – Buy dips between 5,052 – 5,060.  Add on break/hold > 5,095 –  5,100  < 5,038 (loss of the mean band & opens deeper flush) T1: 5,100 T2: 5,160  T3: 5,250  Fundamentals: still supported by geopolitics. (Reuters) Technicals: The 5m chart shows a strong impulse then consolidation above the rising mean band (ideal dip-buy regime while it holds). Sentiment: safe-haven demand is “sticky,” but rising yields mean you must be picky on entries (buy support, not mid-range). Geopolitics first; then real yields / USD (US10Y is the main headwind). Wed 4th Feb: 13:15: ADP Research Institute jobs report date. (workforcereport.adp.com) 15:00: Institute for Supply Management Services PMI release time (10:00am EST → 15:00 UK). (Institute for Supply Management) Chart by TradingView – Gold Trade Setup – 4th Feb Conclusion Gold remains an A+ long as long as support holds and price continues to accept above the defined mean/support band. The technical structure still favors dip-buying, and the macro backdrop keeps safe-haven demand alive, but with yields elevated, the market is likely to punish impatience. That makes discipline around execution the differentiator: wait for the pullback to support or confirmation above breakout levels, and avoid mid-range entries where whipsaw risk is highest. Into the NY open, the priority is simple: trade the levels, not the noise. If price defends support and re-accepts after data-driven volatility, the path remains open toward the next upside targets. If support fails decisively, step aside, because that is your clean invalidation signal that the session has shifted from “buy dips” to “protect capital and reassess.” This analysis is for informational purposes only and does not constitute investment advice. Trading involves risk; manage exposure accordingly. For similar Gold Trade Setups please visit our Commodities Trade Ideas page. Please visit our Disclaimer page. Disclaimer Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. TerraBullMarkets.com does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets or any financial instrument involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TerraBullMarkets.com nor any of its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. TerraBullMarkets.com and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. TerraBullMarkets.com and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. TerraBullMarkets...