Yellow Fish Under Pressure, Afternoon Continues Short Positions

Gold Digger Lao Mao 2026.05.04

Market fluctuations have never changed their established direction due to short-term pullbacks; only those who can withstand the turbulence and impatience can seize the dividends brought by the trend.

The afternoon session continues the morning’s weak decline, with prices breaking below short-term moving average support, Bollinger Bands opening downward, and the CCI indicator entering the oversold zone. Although there is a slight rebound momentum in the short term, the overall bearish structure remains unchanged; the rebound is just a second chance for high shorts.

Key resistance above is in the 4600-4610 range, which is also a safe zone for a second short position in the afternoon. Stop-loss above 4625, with the first target below at 4580-4570. If broken, look towards the previous low of 4560.

Friends holding high-position shorts can continue to hold, moving the stop-loss above 4610 to play the floating profit against the downward space; those not yet entered should patiently wait for the rebound to the resistance zone before entering in batches, avoiding chasing low shorts to prevent small rebounds after overselling from wiping out gains.

Operation-wise, mainly focus on high shorts, do not participate in counter-trend bottom fishing, and firmly follow the main trend for position holding.

Disclaimer: The above content is only a personal trading idea sharing and does not constitute any investment advice. The market carries risks; invest cautiously. #黄金