2026-01-29 13:13:31

Gold Price Breaks Through $5500

The $5500 threshold has finally been broken, and a 10% weekly increase definitely gives people some FOMO!
My main focus on Gate is spot trading of XAU. My approach is:
✅ Chase key levels: after stabilizing above $5450, enter in batches, set $5380 as a short-term support level, and hold as long as it doesn't break.
✅ Take-profit strategy: the first target is $5650, the second target is $5800, and after reaching these levels, gradually reduce positions to lock in profits.
✅ Risk control: if the price falls back below $5400, cut losses decisively and avoid fighting the market.

Currently, market sentiment is too euphoric, everyone must remember to control their positions and not be blinded by FOMO. 💰

XAUT-0.19%

PAXG-0.12%

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YourHookIsNotAsBigAsMine.

· 01-29 14:43

Analysis for the evening of January 29, 2026 Bitcoin shows short-term sideways movement with a slight weakness, with significant bullish and bearish divergence. News: The Federal Reserve's rate cut expectations have cooled down, funds are flowing from Bitcoin to gold and silver for safe-haven assets, crypto ETF outflows continue, and with regulatory bill discussions approaching, market panic sentiment is strong; however, institutions are quietly increasing their holdings, and selling pressure below has decreased. Technical: The current price is around $88,000, with support at $85,000 and resistance at $90,000. The daily chart is weakening, indicators are approaching oversold levels, suggesting a high probability of range-bound oscillation. Trading advice: Do not blindly buy the dip or chase the short. Consider buying near the rebound at around $88,800–$90,400, with targets near $87,200–$86,300. The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng Shipan's layout for specifics! $BTC

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