Gold Midnight High Altitude Thinking: Bearish Momentum Continues, Rebound Is a Shorting Opportunity

Gold Digger Old Cat | 2026.04.28

In a downward trend, trying to counter-trend for rebounds will only lead to repeated rejections; following the trend is the safest choice. From a technical perspective, the 1-hour Bollinger Bands are opening downward, and the price remains under the middle band with clear bearish momentum. Although the CCI indicator is approaching oversold territory and may have a weak short-term rebound, the overall downward pattern remains unchanged. Rebounds are opportunities to enter short positions. On the news front, the current macro environment is generally bearish, with no clear bullish signals supporting gold prices, and the bearish logic remains valid.

Operationally, continue to prioritize short positions. The key resistance zone is around 4600-4610. When touched, consider entering short positions in batches, with a stop-loss set above 4620. The initial target is around 4560-4550. If bearish momentum continues to release, a break below 4550 could lead to targets around 4530-4500. Intraday trading should focus on quick in-and-out trades, strictly controlling position sizes, setting proper stop-losses, avoiding holding through losses, and not chasing shorts. Only position near clear resistance levels.

The above content is solely a personal trading idea share and does not constitute any investment advice. The market is uncertain; operate based on real-time market changes, trade rationally, and manage risks properly. #黄金