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New month money and oversold | 10100 1060 support | 10198 10261 resistance

Nick@ht-admin
#1 · 2nd February 2026, 11:01 am

Technical analysis for 2nd February 2026

It's a bearish start across the board for February but we may see a rise and dip play out today as some new month money flows in, and the braver bulls have a go at buying the dip first thing. Precious metals have lost their shine with gold now down 1100 from its recent 5600 peak. For the FTSE100 there is support at the 10100 area for today with both daily support, 10d Raff and the S2 level. As such I would like to see this hold for a rise towards the pivot at 10200 before the US open.

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Last edited on 2nd February 2026, 11:03 am by Nick