Gold Plummets Over 100 Points! What's Next After Bears Smash the Market?

Golden Cat Mining
March 13, 2026

The market never stops for your hesitation. True trading is finding your own rhythm within uncertainty and patiently waiting for your own wave of opportunity.

Before the morning session closed, gold experienced a sharp one-sided decline, with prices rapidly dropping from around 5190 to 5055, a daily loss of nearly 100 dollars. The market shows a clear bearish-dominated pattern, with short-term bullish sentiment severely suppressed.

From a technical perspective, the 1-hour BOLL lower band has completely opened, and after price pierced the lower band, it failed to quickly recover, indicating bearish momentum is still releasing. The mid-band at 5150 has now turned into a strong resistance level. The initial support at 5055 is the day's first support level. If it breaks below this after market open, it will further open downside space. The moving average system shows bearish alignment, MACD is death-crossing downward with divergence, and green histogram continues expanding volume. The overall trend is bearish.

Post-opening strategy maintains the buy-low-sell-high approach, primarily focusing on short positions:
If price directly probes lower at open, attempt light long positions in the 5055-5060 range, targeting 5100-5120, with stop loss below 5050, strictly controlling position size.
If it rebounds to the 5120-5150 range and faces resistance, directly add short positions, targeting 5080-5060, with stop loss above 5160, betting on bearish continuation.
If price quickly breaks below 5055 after open, abandon the buy-low strategy and wait for a rebound to 5080-5100 before choosing to short at higher prices.

Disclaimer: The above analysis is merely a personal trading idea sharing and does not constitute any investment advice. Markets carry risk; trade with caution.