Midnight Gold: Bearish momentum continues, high-altitude strategy remains unchanged

Gold Digger Lao Mao | 2026.04.27

The most stable aspect of trading is not predicting rises and falls, but following the trend, avoiding being led by emotions to chase highs and sell lows, and executing every trade within rules rather than relying on luck.

Tonight, spot gold continued its intraday decline, with the price breaking below the lower Bollinger Band support. The CCI indicator is in the oversold zone, and bearish momentum is still being released. From the 1-hour chart, the middle Bollinger Band remains downward, and the resistance near the upper band has been confirmed. After the lower band support was pierced, the short-term bearish trend dominated. The price is around 4678, with a resistance zone at 4695-4705 for a rebound. The first support below is at the intraday low of 4667; if broken, it could target around 4657. Overall tonight, the high-altitude bearish strategy continues. Prioritize waiting for a rebound to set up short positions after resistance is tested. Do not chase shorts to avoid the risk of a rebound after short-term oversold conditions. Strictly set stop-losses, control position sizes, avoid holding against the trend or against the market, and trade in line with the trend.

⚠️ Disclaimer: The above content is only a personal trading idea sharing and does not constitute any investment advice. The market is uncertain, investing involves risks, and caution is required when entering the market. Please strictly manage risk and participate rationally.