GOLD: Still Bullish? Buy This Massive Dip?In this Weekly Market Forecast, we will analyze Gold (XAUUSD) for the week of Feb. 2-6th.
Gold took a nosedive Friday after Trump's nomination for Fed Chair. The market reacted by a -14% drop, as investors moved funds from metals to the USD.
But is this an opportunity for savvy investors to ente
Gold Futures (Jun 2030)
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GOLD BREAKOUT - UPSIDE OR DOWNSIDE?Price is compressing near the trendline + technical bounce zone, indicating an impulsive move is coming. Watch for confirmation.
Bullish Breakout
• Buy above: 153,600 (above falling trendline)
• T1 157,800 - T2160,000
• Invalidation - below 152,000
Rejection & Breakdown
• Sell below: 152
GC UpdateI was wondering about all the open gaps that GC has been throwing lately, looks like they're all going to fill.
Indicators are showing oversold, but not sure that it really matters. I think gold is headed down to $150 or so, not sure how it gets there though. We could see a bounce first.
Note: I
GC UpdateLooks to me like this bounce will go a bit higher. It may even double top, gold and silver has a tendency to do that at the top.
Not playing it. Too unpredictable overnight, Asia and EUrope don't always seem to be on the same page with gold, silver, and cryptos. Then again I suppose they weren't
Gold Futures: A Sharp Drop in Open Interest After Extreme MovesGold futures have seen very violent price action recently. After an exceptional 2025 — with prices nearly doubling — gold is now trading roughly 10% below its all-time high.
While price alone looks dramatic, the more important signal right now comes from Open Interest.
Open Interest is collapsing
Gold Update 02FEB2026: Rally Ain't Over, Only RetracementTwo market wisdoms proved here:
1. Bearish Divergence is not a sell trigger but a harbinger to watch as it can last longer than one can survive
2. Markets cannot rise or fall forever
3. The cost to produce 1 troy ounce of gold is below $2,000
This robust impulse to the upside changed the labeling o
Bearish ABC Extension toward 127.2% Target | High RR SetupOverview
Following a significant impulsive leg lower, we are seeing a textbook ABC corrective structure play out. After a temporary relief rally into a established supply zone, the market has broken its corrective trend, signaling a continuation of the primary bearish trend.
Technical Breakdown
Gold Market UpdateLooking at the termination of the uptrend back in 2011, we saw a pretty aggressive move down at that time.
Comparing that to the current cycle, we had stopping action in 2020 that led to a multi-year trading range and a much larger change of behavior. This is what would be expected, but not to the
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METALS COT POSITIONINGMETALS COT POSITIONING: Silver Leads, Gold Crowded, Copper Weak
Data: CFTC COT Report as of Jan 28, 2026
Using CFTC Commitment of Traders data to analyze where smart money (Commercials) and the crowd (Speculators) are positioned across the metals complex.
SILVER COMEX:SI1! - STRONGEST SETUP
Co
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Gold Futures (Jun 2030) is 5,817.2 USD / APZ — it has risen 1.83% in the past 24 hours. Watch Gold Futures (Jun 2030) price in more detail on the chart.
Track more important stats on the Gold Futures (Jun 2030) chart.
The nearest expiration date for Gold Futures (Jun 2030) is Jun 26, 2030.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures (Jun 2030) before Jun 26, 2030.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Gold Futures (Jun 2030). Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Gold Futures (Jun 2030) technicals for a more comprehensive analysis.









