Gold Morning Review: A Rebound Is an Opportunity to Short, Don't Be Fooled by Small Bullish Lines

Gold Old Cat | 2026.04.17

The market is always seeking balance amid fluctuations; rather than chasing highs and selling lows, it's better to wait for your own rhythm at key levels.

This morning, gold continues to fluctuate and recover, currently trading around 4794. The 1-hour Bollinger middle band remains under downward pressure, the 4837 high point is resisted and pulls back, moving averages are dead-crossing downward, and although there is a rebound, prices are still pressured below the moving averages. Support below is in the 4780-4773 range. Currently, the VR indicator has a slight turn but no clear reversal signal. The bullish momentum is weak, and the rebound is only a technical correction.

In terms of operation, focus on a high-short strategy, dividing into two levels for short positions: the first level, if the rebound reaches 4800-4805, can be lightly shorted, with a stop-loss placed above 4810. The initial target is to reduce positions around 4780-4775. If the rebound exceeds expectations and reaches 4810-4815, add to short positions again, moving the stop-loss up above 4820, with the same target around 4773-4765 support. If an unexpected breakthrough occurs and prices stabilize above 4820, the short-term oscillation pattern will be broken, and you can wait or adjust your strategy to follow long positions. It is recommended to enter positions gradually, keeping total position size within 30% to avoid heavy holding.

This strategy is only for technical analysis reference and does not constitute any investment advice. The market carries risks; trading should be cautious. Please strictly manage positions and risk controls.