Analyst: Traders should not worry about the US dollar, but should be wary of gold risks

CycleProphet · 2026-01-29T17:34:00+00:00

Market analyst Jeremy Boulton pointed out that the US dollar has shown resilience and traders do not need to worry too much; The sharp rise in gold prices is alarming, with an increase of more than 27%, but few buying traders indicate that the current long position situation in the gold market is different from the past, and the risk of potential market reversal has increased.

CycleProphet

2026-01-29 17:34:00

Abstract generation in progress

According to TechFlow news on January 29, according to Golden Ten Data, market analyst Jeremy Boulton said that traders do not need to worry too much about the US dollar, and it has shown significant resilience; What really needs to be wary of is gold, whose price has soared in a highly volatile manner, significantly increasing the risk of a market reversal, especially for an asset that some investors consider safer than the world’s reserve currency. Gold prices have risen by more than 27% this month alone. Although almost everyone is talking about this rally, very few traders are actually buying gold. The current size of long positions is even smaller than in early 2025, when Trump returned to power and triggered a trade war. This indicates that the nature of this buying round is different. The current rise in gold prices is extremely distorted. Any extreme movement is worth being wary of.

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