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Today Technical Analysis: Gold Reclaims $5,000 Record And Silver Jumps Above $81 An Ounce

February 9, 2026, 08:02

Gold Reclaims $5,000 Record And Silver Jumps Above $81 An Ounce

Gold Technical Analysis

Gold is displaying a constructive bullish recovery following the sharp sell-off that found support near the $4,620–$4,650 area. Since that low, price has formed higher lows and higher highs, confirming a short-term bullish structure on the 1-hour chart.

The moving averages reinforce this bullish view. Price is now trading above all three averages. The current alignment suggests that buyers are regaining control.

Momentum is supportive but not overheated. The MACD has crossed into positive territory, indicating steady bullish momentum.

Gold 1H Chart

Gold 1H Chart 09-02-2026
Resistance$5,062$5,092$5,123
Support$4,967$4,919$4,897

USDJPY Technical Analysis

USDJPY is transitioning into a short-term corrective phase after failing to hold above the 157.60 resistance area. The rejection from that level produced lower highs and a decisive push back below the short-term moving averages.

The moving average structure reflects this shift. Price has slipped below MA(5) and MA(10) while the 30-period moving average is flattening, which often precedes either a deeper pullback or range formation. If price fails to reclaim MA(10), downside pressure toward the 155.80–155.50 support zone becomes more likely.

Momentum strongly supports the bearish short-term bias. The MACD has crossed below zero, showing increasing bearish momentum. Until MACD stabilizes or shows bullish divergence, rallies are more likely to be limited.

USDJPY 1H Chart

USDJPY 1H Chart 09-02-2026
Resistance156.93157.15157.66
Support156.22156.03155.62

Dow Jones Technical Analysis

Dow Jones is showing a strong bullish continuation structure after a sharp impulsive rally that pushed the index above 50,300, which now acts as short-term resistance. The move higher was aggressive and directional, indicating strong buyer participation supported by strong fundamentals.

From a moving average perspective, the trend remains clearly bullish. Price is trading well above the 30-period moving average, while the 5 and 10 MAs are stacked positively and acting as dynamic support. As long as price holds above the MA(10) zone, any pullback should be viewed as corrective within an uptrend.

Momentum confirms bullish control but also hints at near-term exhaustion. MACD is firmly positive, yet they are starting to contract. This typically signals that upside momentum is slowing, opening the door for either a sideways consolidation or a shallow pullback before the next directional move.

Dow Jones 1H Chart

Dow Jones 1H Chart 09-02-2026
Resistance50,24550,30050,375
Support50,10149,91649,806
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