Evening low-position long positioning; a bullish rebound is in sight

Gold Digger Lao Mao | 2026.04.16

The most solid confidence in trading has never been luck with profits; it is the conviction that every forecast can be verified by the market step by step.

The 4835 resistance level clearly indicated this morning held as expected: after the price pushed up to 4838, it was pressured and fell back in line with the plan. The current price has completed a technical pullback; bearish momentum has been fully released, creating room for a bullish rebound in the evening.

From a technical perspective, the lower band support of the 1-hour Bollinger Bands remains effective. After the price retested and then stopped falling to stabilize, the midline suppression, too, has been gradually weakening as the range-bound recovery plays out. The VR indicator has turned upward from the low levels, and bullish momentum is starting to warm up. Tonight, the main approach will be low-position long—steadily betting on a bullish recovery.

Next, focus on the support base in the 4790-4800 range. Within this zone, you can stage long orders. Defense should be placed below 4780. If the price rebounds directly and breaks above the midline suppression, then wait for a pullback into the 4810-4813 range and add to longs in the same direction; move the defense up to below 4800.

For the first upside target, look to the prior resistance at 4825-4830. After holding there, further extend toward the 4840-4850 range. Once reached, reduce positions gradually or exit based on the strength of the rally. Overall, the strategy is to go for low-position longs, don’t let short-term minor pullbacks disrupt the rhythm, and stay firmly confident in the bullish recovery.

This content is only a personal trading-thought sharing and does not constitute any investment advice. The market is risky, so trading requires caution. Please base your actions on your own risk tolerance and do a good job managing your positions.