Friday Night Gold: The Bearish Main Tone Remains Unchanged, Gradual Positioning at High Levels

Gold Digger Old Cat 2026.04.24

Patience in trading is never about passive waiting, but about unwavering confidence in the trend and tolerance for volatility. Every fluctuation is building strength for the next directional move.

The current market structure is clearly bearish overall. After probing the lows during the European session, it entered a narrow range of oscillation, and during the US session tonight, it is highly likely to break this pattern and release energy. Even if a rebound occurs, it will only provide a higher entry point for bears. The overall rhythm does not favor going long; all rebounds should be treated as part of the bearish rhythm.

Tonight, the main focus remains on short positions at higher levels, with segmented and position-based layout, managing risk carefully. The first wave can rely on the resistance at 4700-4710 to lightly enter short positions, with stop-loss set above 4716. The short-term targets are initially in the 4670-4650 range. If support is broken, reduce positions and hold for lower levels. If the price unexpectedly moves higher, do not chase blindly; wait for the 4720-4735 range to re-enter shorts, again with strict stop-losses to prevent the risk of a false shakeout on Friday. Position sizes for phased entries can be adjusted according to individual risk tolerance, avoiding heavy exposure all at once.

This content is for sharing personal trading ideas only and does not constitute any investment advice. The market carries risks; please trade cautiously.