**Gold short-at-altitude thinking:** Clear target, clearly defined range

Gold Digger Old Cat | April 30, 2026

In trading, direction is more important than repeatedly hesitating. Identify the trend, hold the range firmly, and you’re more likely to achieve results than by constantly going back and forth.

The current 1-hour timeframe is in a clear downward channel. Price has been continuously under pressure below the middle band of the Bollinger Bands. The rebound strength is on the weak side. The CCI indicator has a slight turn, but it is still in the negative zone. The bearish-dominated pattern has not changed. In terms of strategy, continue with the short-at-altitude approach. The key overhead resistance range is 4561-4570—this is the confluence pressure point between the Bollinger Bands middle band and the short-term moving averages. It is also the ideal area to look for a short entry. For the stop loss, you can refer to placing it above 4575. On the downside, support is at 4510-4500. For short-term targets, first look at 4510, and continue the previous long-term thinking of aiming for below 4500.

⚠️ Risk warning: The above analysis is only a personal trading-thoughts sharing and does not constitute any investment advice. The market involves risks, so you must strictly use stop-losses.