Gold Trade Setup – 9th Feb

Gold has started the new week with a constructive tone, holding firm above key mean-support zones after last week’s volatility and continuing to attract buyers on shallow pullbacks. With DXY still soft overall and US yields elevated but stable, price action is being driven by the push-and-pull between dollar weakness (supportive for bullion) and rate pressure (which can cap upside when yields surge). In this environment, the highest-probability approach is typically to trade with the underlying trend while being selective on entries, prioritizing structured pullbacks into well-defined support rather than chasing momentum at the top of the range. Today’s plan focuses on a dip-buy / continuation framework, using the most recent intraday mean/VWAP-style reference zones to define risk tightly and keep reward-to-risk attractive. 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 dip / trend-continuation: (1) Dip buy 5026 – 5017 zone (your mean/VWAP blend area) OR (2) Break & hold above 5045 on M15 close. For dip-buy: below ~5007 (loss of mean-support & momentum flip). For breakout: back below 5030 after failed hold T1: 5055 – 5065 T2: 5075 – 5090 Fundamentals: Dollar tone remains a key tailwind (DXY softer overall) but yields are not collapsing, we favor buy dips rather than chasing. Technicals: Your 5m structure shows price repeatedly respecting the composite mean bands; dip-to-mean entries give tight risk. Sentiment: Strong metal bid (silver also firm) suggests “buy-the-dip” crowd is active; stops are well-defined just under the mean shelf. DXY & US10Y (real-yield pressure) Mon 9th Feb: US data prints (15:00 – 16:30); Fed speakers Later evening; Treasury auctions (late) can swing yields and gold quickly. Chart by TradingView – Gold Trade Setup – 9th Feb   Conclusion For today, the A+ edge in gold comes from clear technical structure and well-defined invalidation in a market still leaning supportive on the macro backdrop. Our preferred expression remains buying controlled pullbacks into the mean-support band (or only engaging breakouts once price proves it can hold above resistance), with stops placed beyond the level that would signal a genuine regime shift rather than normal noise. The key is staying disciplined around the drivers: if DXY continues to fade and yields don’t re-accelerate, gold should remain biased toward higher targets; if US10Y pushes sharply higher and the dollar catches a bid, expect deeper mean reversion and be ready to step aside or reassess. As always, let the levels do the work, execute only when price confirms your entry criteria, manage risk tightly, and avoid forcing trades ahead of the main US data/speaker windows. 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...