#SpotGoldHitsaNewHigh

Spot gold (XAU/USD) has just smashed through $4,800/oz and even touched $4,888 intraday — a staggering +10% move in just the last 20 days! With risk-off sentiment dominating markets, investors are piling into the ultimate safe-haven asset.
The big question every trader is asking right now:
Do you chase this parabolic rally or wait for a healthy pullback?
Why Is Gold Exploding Higher
1. Peak Safe-Haven Demand
Escalating geopolitical tensions (US-Greenland drama, trade-war fears, European political uncertainty), record debt levels, and de-dollarization trends are driving massive inflows into gold.
2. Negative Real Yields & Weaker Dollar
The Fed’s rate-cutting cycle and still-elevated inflation keep real yields deeply negative — the perfect environment for non-yielding gold.
3. Relentless Central Bank & Institutional Buying
China, India, Turkey, Poland and many others continue adding hundreds of tonnes to reserves every quarter. ETF inflows are also accelerating again.
4. Technical Picture**
The chart is paraboli. RSI is deep in overbought territory (>80 on daily/weekly), and we’re seeing classic “blow-off top” price action. Historically, moves this vertical are usually followed by 8–15% corrections.
Chase the Rally or Wait for a Dip?
Bull Case for Chasing
- Momentum is insane — several major banks (Goldman Sachs, JPMorgan, ICBC) have 2026 targets between $5,000–$5,400, with some outliers calling for **$6,000–$7,000** in an extreme scenario.
- “The trend is your friend” — fighting an uptrend this strong has burned many bears.
- Breakout traders: a daily/weekly close above $4,820–$4,850 could easily trigger the next leg toward $5,000.
**Bear Case — Wait for Pullback**
- Extreme overbought readings almost always resolve with at least a 5–10% retracement.
- Better risk/reward buying the dip than buying the rip.
- Key support zones to watch:
– $4,700–$4,750 (previous all-time highs)
– $4,600 (psychological + 50-day MA area)
– $4,400–$4,500 (deeper 15% correction, excellent long-term entry)
My Current Playbook
I’m using a **barbell approach**:
- Small core long position already running (entered lower, trailing stops).
- Keeping 60–70% cash dry for a pullback to the $4,650–$4,750 zone, where I plan to get aggressively long again.
- If we instead blow straight through $5,000 with volume, I’ll add on the breakout (momentum > everything in the short term).
For pure scalpers/day traders: tight stops above $4,750, target $4,950–$5,000 on breakout plays.
Long-term holders: Frankly, even buying at $4,800+ still looks reasonable if your horizon is 2–5 years and you believe in structurally higher inflation and geopolitical risk.
What Are YOU Doing?
- Chasing the rally full send?
- Patiently waiting for $4,500–$4,600?
- Hedging with puts or shorting miners?
- Already fully loaded and just enjoying the ride?
Drop your gold trades and thoughts below! Let’s see who’s riding this rocket and who’s waiting at the next station. 📈🪙