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Gold bearish trend continues! No change in midday bullish outlook
Author: Gold Miner Old Cat | Date: 2026.04.27
In the market, only by adhering to the rules can you hold onto profits.
The market continues the bearish outlook, with narrow fluctuations at midday, dominated by bears, with no clear reversal signals. Technically, the 1-hour Bollinger Bands are opening downward, the price is under pressure at the middle band, the CCI is in oversold territory but not turning, and the rebound strength is relatively weak.
In terms of operation, continue to go long at higher levels, key resistance zones: 4695-4705, 4715-4725, 4735-4745, can be entered in batches for short positions; key support zones: 4670-4660, 4655-4645, 4630-4620, watch for continuation opportunities after support is broken.
The above content is for personal trading ideas only and does not constitute any investment advice. The market carries risks; invest cautiously.