2026-01-29 01:34:15

Gold hits a new high again

Yesterday below 5100, this morning it surged directly to 5600

Many people have been hesitant to enter in recent days
But starting from 4580, using the RSI indicator strategy I shared for short-term trading every day, I have been profitable daily. Pullbacks are opportunities, small pullbacks are also opportunities because there hasn't been a major correction yet.

⚠️⚠️⚠️ Bitcoin and Ethereum long positions have also been quite profitable these past two days. Currently, Ethereum is supported at the 2955-2980 range. If it breaks below this zone, go short immediately; if it doesn't break, go long within this range.

The international situation remains turbulent. How high can gold rise?

BTC-1,67%

ETH-2,64%

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jkioo

· 9h ago

This is indeed a historic moment. On January 28, 2026, the international spot gold price broke through the historic threshold of $5,200/oz, marking a new era in the gold market. Below are the core driving factors and market conditions behind this gold price surge: 1. Core Driving Factors • "Trust Crisis" in the US Dollar: Recent policy signals from the US government suggest support for a weak dollar, causing the dollar index to fall to its lowest point in nearly four years. Investors are abandoning fiat currencies and turning to gold as a safe-haven asset. • Geopolitical Turmoil: Uncertainty surrounding trade tariffs (such as new tariff threats against multiple countries) and geopolitical tensions have greatly boosted market risk aversion. • Federal Reserve Policy Expectations: The market is closely watching the Federal Reserve's policy meeting at the end of January. Although the consensus is to keep interest rates unchanged, expectations of future rate cuts have already triggered a "parabolic" rally in gold prices. • Central Bank Accumulation: Central banks worldwide (especially emerging markets) are increasingly reducing their dependence on the US dollar and turning to gold as a core reserve asset.

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