Open low and buy the dip, expecting the bullish trend to continue within the day

Gold Digger Lao Mao
2026.04.20

With a clear direction in mind, stay confident and not confused. Trading relies on recognizing the trend and maintaining rhythm, not being disturbed by short-term fluctuations. Patience in positioning is the key to harvesting trend dividends.

From a technical perspective, the current bullish structure is intact, with short-term moving averages diverging upward. The middle band of the Bollinger Bands continues to rise, providing strong support. Prices are steadily climbing without obvious reversal signals. After a pullback, bulls are expected to continue exerting effort. Overall, the market is oscillating upward, suitable for low-buy strategies.

This week's main trend remains bullish, with a mid-term target of 5000. However, on Monday's open, it’s prudent to cautiously manage intraday trading. The core intraday range is between 4780 and 4895. Focus on the 4800 support below; a rebound and stabilization there can be followed by long entries. The 4780-4785 zone is a secondary support, also a safe area for low buy positions. The first resistance above is at 4850; reaching it may prompt profit-taking. The second resistance is between 4880 and 4895; once reached, profits can be taken. Maintain a low-buy mindset intraday, avoid counter-trend operations, and trade steadily within the range.

Investments carry risks; enter the market cautiously. The above analysis is for reference only and does not constitute any investment advice.