‍#金价突破5200美元

It's an incredible time to watch the metals market. As of January 29, 2026, spot gold not only reached the $5,200 level; it is actually continuing its parabolic rise, trading around $5,300-$5,500 per ounce in many global markets.

The monthly increase of over $880 is evidence of a "perfect storm" of factors currently impacting the economy. Here's a summary of the factors driving this rise and how to approach current levels.

🚀 Why is Gold Surging?

The current bull run is being driven by a shift from the traditional "interest rate anchor" to a "credit anchor"—essentially a global reassessment of the U.S. dollar's dominance.

The "Dollar Crisis": President Trump’s recent comments favoring a weaker greenback to boost exports have pushed the USD to a four-year low, making gold (XAU) significantly cheaper for international buyers.

Geopolitical Flares: Tension surrounding the "Greenland issue," renewed tariff threats (100% on Canada), and unrest in Venezuela have sent investors sprinting toward safe havens.

Central Bank Accumulation: Central banks are diversifying away from USD at record rates, with 95% of them expecting to increase gold reserves this year.

Key Levels to Watch

$5,600 Recent intraday record high; the next psychological "ceiling.

"$5,300 Current pivot zone. Holding above this maintains the short-term bullish bias.

$5,050 - $5,080 Critical Support. This area must hold on a weekly close to prevent a deep correction.

$4,980 The "line in the sand" for the current uptrend.

Trading Strategy: Chase or Take Profit?

The target for gold is revised towards $5,400-$6,000, with technical indicators signaling "overbought."

For Buyers: Instead of "chasing" at the peak, look for entry points on a pullback towards the $5,084 support range. The "buy the dip" strategy remains effective as long as the dollar remains under pressure.

For Sellers: If you enjoyed this $880 monthly rise, consider reducing your position by 10-15% to secure your gains. Gold is currently 30% above its 200-day moving average – a gap that historically leads to a "return to the mean" (a sharp, temporary decline).