#金价突破5200美元 The market generally believes that the core logic supporting a long-term bull market in gold—including weakening of the US dollar credit, continuous central bank gold purchases worldwide, and geopolitical uncertainties—remains solid. However, after such a rapid and substantial rise, investors' caution regarding short-term adjustments is significantly increasing. From a technical perspective, gold prices have been in an overbought state for a long time, with potential to revert back into the channel. Analysts point out that the risk of long-term consolidation for gold is rising, rather than an immediate deep correction. Nevertheless, institutions generally remind that the profit-taking pressure accumulated after the rapid rise may trigger technical pullbacks.

The upcoming Federal Reserve meeting (which will conclude in the early morning of January 29) will be a key short-term event, and its statement will provide important guidance for future monetary policy paths. If gold prices pull back, the support formed by macroeconomic uncertainties and the stable gold-buying behavior of various central banks is expected to be relatively solid.

Based on the current situation, trading strategies should balance the strong trend with the risk of high-level volatility. For investors already holding long positions, continuing to hold is advisable, but increased caution is necessary. If gold prices surge rapidly to the 5400 USD potential area mentioned by some institutions, consider partial profit-taking in stages to lock in gains and avoid the risk of sharp fluctuations at high levels.

For investors seeking to open new positions or add to existing ones, avoid blindly chasing the rally near historical highs. A more prudent approach is to patiently wait for technical pullbacks that offer better entry opportunities. Focus on the core support zone of 5000–5100 USD—if gold stabilizes within this range and shows clear signs of a reversal (such as bullish reversal patterns or volume confirmation), it can be considered a relatively favorable entry point in terms of risk-reward. If market sentiment suddenly shifts and causes a deeper correction (for example, a 10%–15% pullback from the high), it may instead present a more attractive “buy on dips” window.

Regardless of the strategy adopted, strict risk control is crucial. All orders should include clear stop-loss levels. Additionally, close attention must be paid to the impact of the Federal Reserve statement on the US dollar trend and interest rate expectations, as any hawkish signals exceeding expectations could trigger sharp short-term price volatility.