April 29 Midday Analysis: Precise Follow-Through on the Setup; Bearish Thinking Continues to Be Executed

The gold market outlook provided earlier in the day is now fully synchronized with the current chart. The rhythm of the move is highly consistent with the forecast. The trend-following short positions arranged earlier have already successfully realized the expected profit, accurately capturing this round of downside action.

From the current price action, the overall picture still remains the same as the earlier judgment. In the short term, there may be some mild consolidation and back-and-forth, and price has not turned into an extremely clean, one-way, smooth selloff. However, the core trend characteristics are clearly visible: the highs continue to step downward, and bulls have never been able to form an effective counterattack. The overall bearish-dominated trend remains firm, and no trend-reversal signals have appeared.

For the subsequent gold trading, there’s no need to change the operating approach. Continue to stick to the core strategy of shorting on rebounds at higher levels, without blindly trying to catch the bottom and without taking trades against the prevailing trend. Pay close attention to the key resistance levels overhead. If a rebound reaches the resistance zone, it remains an opportunity to set up shorts. On the downside, continue to track the breakdown condition of the support at the 74,550 level, and be sure to handle position management and risk control, so you can seize the upcoming opportunities in the market in line with the trend.

✅ Trading Strategy:
Build short positions in batches within the 77,500-78,000 range, with downside targets in the 75,000-74,000 area. $GT $BTC $ETH #加密市场小幅下跌 #Strategy吸筹速度超挖矿两倍