Gold price hits a key resistance, morning short-term outlook remains unchanged

Gold Digger Lao Mao | 2026.04.16

The most solid confidence in trading has never been lucky profits, but the certainty that every prediction can be gradually validated by the market.

Last midnight, we clearly pointed out that around 4830 is a strong resistance level, recommending to go short directly. The market perfectly fulfilled this judgment, with the price directly reaching near 4831, precisely touching our key resistance level, once again confirming the effectiveness of this resistance zone.

From the 1-hour Bollinger Bands structure, the upper band is currently around 4833, almost coinciding with our given resistance at 4830. The middle band at 4809 serves as a short-term support/resistance dividing line. Although the price is currently trading above the middle band, the strong resistance of the upper band still exists. The rally in the Asian session is merely a technical correction after the previous decline and has not formed a valid breakout signal. The VR indicator has slightly risen but remains in a neutral to slightly lower zone. The bullish momentum has not established a sustained advantage, and the overall structure still leans toward high-level resistance and pullback.

This morning, the short-term short outlook continues. The core resistance zone is adjusted to around 4835-4845, which is the extension of the Bollinger upper band and the resonance pressure at previous highs. Within this range, traders can consider layering short positions, with a stop-loss placed above 4852. If the price breaks above 4845 and stabilizes, the outlook needs to be temporarily adjusted. The first target below is the middle band support at 4800-4790. If broken, look towards the 4780-4760 zone. Once reached, consider reducing positions or exiting based on the pullback strength. Overall, the main strategy remains short on rebounds, avoid chasing longs lightly, and maintain trading rhythm.

This content is only a personal trading idea sharing and does not constitute any investment advice. The market carries risks; trading should be cautious. Please operate in accordance with your own risk tolerance and manage your positions properly.