Gold monthly increase of 880 USD, the real panic is not the bulls, but the bears

On the surface, gold is rising the fastest;
 in reality, it is the belief of the bears that is being repeatedly tested by emotions.
Every pullback is shallow,
 every negative news is quickly digested,
 what does this indicate?
👉 It’s not retail investors chasing, but funds accumulating.
From the monthly chart structure, this round is not an impulse, but an acceleration phase after a platform lift. #金价突破5500美元 5500 does not correspond to “overbought,” but to a re-anchoring after the old pricing model failed.
My risk control rules are very clear:
* Long position prerequisite: Daily close above 5350
* Exit signal: Single-day volume spike and fall below 5280
* Emotional target: Take partial profits in the 5800–6000 range
The most dangerous operation now is:
👉 in a trending market, fantasizing about a “perfect top.”
Gold is not immune to pullbacks,
 but the way it pulls back is usually:
 “You waited for it, but didn’t dare to buy.”