As a trader focused on gold trends, today I saw the gold price break through $5200/oz strongly, feeling both excited and cautious. The monthly increase of over $880 is indeed rare, but whether to chase higher or take profits has become the most practical choice at the moment.
Current trading approach (personal real trading share): I currently hold a small number of long positions, built in batches around $5000. Facing prices above $5200, my strategy is:
1. Do not reduce positions but set strict stop-loss at breakeven: move the stop-loss up to $5100 to ensure this wave of profits does not flow back 2. Wait for a pullback to add positions: if the price stabilizes around $5150, consider adding lightly 3. Staged profit-taking plan: reduce 30% around $5350, then another 40% around $5450, leaving 30% to aim for higher
Why am I still bullish?
1. Continued geopolitical risk demand: ongoing tensions in the Middle East and Ukraine 2. Central bank gold purchases normalized: many countries are still adjusting their de-dollarized reserves 3. Technical strength remains intact: daily and weekly charts are still in a bullish alignment, no top divergence observed
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#金价突破5200美元
As a trader focused on gold trends, today I saw the gold price break through $5200/oz strongly, feeling both excited and cautious. The monthly increase of over $880 is indeed rare, but whether to chase higher or take profits has become the most practical choice at the moment.
My key level observations:
· Short-term support: $5150 (previous breakout level)
· Strong defense level: $5080 (around the 20-day moving average)
· Upward target: $5350-5400 (technical extension level)
Current trading approach (personal real trading share):
I currently hold a small number of long positions, built in batches around $5000. Facing prices above $5200, my strategy is:
1. Do not reduce positions but set strict stop-loss at breakeven: move the stop-loss up to $5100 to ensure this wave of profits does not flow back
2. Wait for a pullback to add positions: if the price stabilizes around $5150, consider adding lightly
3. Staged profit-taking plan: reduce 30% around $5350, then another 40% around $5450, leaving 30% to aim for higher
Why am I still bullish?
1. Continued geopolitical risk demand: ongoing tensions in the Middle East and Ukraine
2. Central bank gold purchases normalized: many countries are still adjusting their de-dollarized reserves
3. Technical strength remains intact: daily and weekly charts are still in a bullish alignment, no top divergence observed