Asian session weakly fluctuates; the high-sell approach remains unchanged

Gold Digger Old Cat | 2026-04-29

Market fluctuations never happen without reason. Every candlestick’s rise and fall is a real contest between bullish and bearish forces. Only by understanding these signals can you keep your own trading rhythm steady.
From the 1-hour timeframe, the current gold price is still trading below the Bollinger Bands’ middle band. The upper-band resistance has shifted downward to around 4663, while the middle-band suppression has also moved down to the 4606 area. The current price is hovering near 4588. The overall bearish trend has not been reversed in any way. The decline channel from the prior high at 4730 remains clearly visible. The lower Bollinger Band at 4548 forms short-term support. After the price touched the 4554 low, the rebound strength has remained relatively weak, and it has never managed to effectively break through the middle-band suppression. The CCI indicator has now fallen to -2.78—having dropped back below the zero line again after previously recovering—indicating that bullish rebound momentum is insufficient and that bearish forces still hold the upper hand.
Judging from the chart, the Asian session overall continues with the high-sell idea. Entering short on a rebound into the 4600-4606 range is a relatively reliable opportunity. For the stop-loss, you may refer to levels above 4615. The targets are in the 4570-4550 range. If 4548 support breaks, you can further look toward the area of the prior lows.

⚠️ Disclaimer: The above content is only a personal sharing of trading ideas and does not constitute any investment advice. The market is risky; trade with caution.