Gold Forecast: Gold Jumps to Test $5,000 on Tuesday – 04 February 2026
The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one.

The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one.
The US dollar fell during the trading session on Tuesday against the Mexican peso to continue to overall strong downtrend that has been very reliable over the last few months. That being said, this is an interest rate play, and more.
The British pound is slightly positive on Tuesday, as we are trying to turn things around in this market.
The silver market has proven itself to be far too dangerous for the average retail trader, and the markets are likely to be a very dangerous place to trade at the moment.
Bitcoin continues to look very weak and vulnerable at the moment.
Following Tuesday’s short-lasting recovery, EUR/USD moves sideways in a narrow channel above 1.1800 in the European morning on Wednesday. While investors await key data releases, the technical outlook points to a lack of seller interest.