| Gold goes vertical Spot gold has officially broken $5200/oz, gaining +$880 in a month. This isn’t just a technical breakout — it’s a macro + geopolitical resonance move. My take: Trend is still strong bullish as long as price holds above $5050–5100 (previous breakout + demand zone). ⚠️ Short-term? Overheated. Chasing here = high risk. I’d rather wait for a pullback than FOMO. Key levels I’m watching: Support: $5100 / $5000 Resistance: $5300 → $5500 psychological zone Strategy idea Swing traders: buy dips, not breakouts Long-term hedge: partial profit-taking makes sense, but don’t fade the macro trend too early
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#GoldBreaksAbove$5,200
| Gold goes vertical
Spot gold has officially broken $5200/oz, gaining +$880 in a month. This isn’t just a technical breakout — it’s a macro + geopolitical resonance move.
My take:
Trend is still strong bullish as long as price holds above $5050–5100 (previous breakout + demand zone).
⚠️ Short-term? Overheated. Chasing here = high risk. I’d rather wait for a pullback than FOMO.
Key levels I’m watching:
Support: $5100 / $5000
Resistance: $5300 → $5500 psychological zone
Strategy idea
Swing traders: buy dips, not breakouts
Long-term hedge: partial profit-taking makes sense, but don’t fade the macro trend too early