The midnight waterline for gold has been set; the midline faces pressure, so go short directly

Gold Digger Old Cat | 2026.04.21

The most stable rhythm in trading has never been chasing the market, but waiting for it to return to your familiar track. Today, gold surged then fell back; the overall structure remains weak. Continue to maintain a high-short mindset overnight. The short-term market is clearly under pressure, with limited rebound space. As long as the price stays below the key resistance, the probability of a pullback remains high.

Resistance reference: 4815 to 4825, next 4830 to 4835, strong resistance near 4850. Support first looks at 4780 to 4775, then 4760 to 4755. Strong support is around 4740. In terms of operation, focus on short positions around 4815 to 4825, with stops placed above 4830. Clear risk control, initial target at 4780. If broken, continue to watch the 4760 to 4755 range. If a rebound reaches 4830 to 4835, consider adding to short positions. Enter and reduce positions in batches throughout, avoid stubborn holding and over-leveraging, and stick to the rhythm.

⚠️ Disclaimer: The above content is for technical analysis reference only and does not constitute any trading advice. The market carries risks; please trade cautiously and ensure proper position and risk management.