Gold Week Opening Preview: Riding the Trend Higher, Targeting 5000

Gold Digger Old Cat 2026.04.19

The confidence in trading always comes from following the trend and holding onto your own wave.

After last week’s low-range fluctuation, gold prices surged with a strong bullish candle, breaking through resistance and reaching a high of around 4891. Currently, it is consolidating near 4834. The 1-hour Bollinger Bands are opening upward, with moving averages in a bullish alignment. The short-term pullback is just a normal pause in the upward momentum, and the bullish trend remains intact. There is still upward energy for further gains.

Next week’s overall rhythm is mainly bullish. After breaking through key resistance on the weekly chart, the space above has opened up widely, with a clear weekly target of 5000. On Monday, it is highly likely to gap higher at the open, first targeting the 4880-4900 range. As long as it can stay above 4850, the bulls will continue to push toward the target. The key support zone is between 4780-4800; as long as this area is not broken, the bullish trend remains secure.

In terms of trading, prioritize buying on dips on Monday, viewing pullbacks as entry opportunities. Focus on short-term attacks around 4880-4900, patiently hold and wait for the move toward 4950-5000. Use small stop-losses to pursue larger profits, and firmly follow the trend.

The above is only my personal opinion and does not constitute investment advice. The market carries risks; trade cautiously.