Gold Midnight Strategy | Take 60 Points Profit and Continue Shorting at Midnight

Gold Digger Old Cat 2026.05.06

The market never turns back because of anyone’s obsession; only by following the trend can you stay true to your original intention amid rises and falls.

Tonight, we clearly identified 4720 as a key resistance level, suggesting to open short positions at this point. The market also perfectly confirmed this judgment—after spiking to around 4722 during the day, it faced resistance and fell back, with a low around 4660. This segment of the market moved about 60 points downward. Whether you joined halfway or held full positions throughout, as long as you follow the rhythm, this short trade is a steady profit.

On the news front, tonight’s data from Little Flying Dragon is also bearish for gold, adding more downward pressure. From a technical perspective, today’s daytime rally was very extreme. On the hourly chart, it pulled about 150-170 points in roughly 14 hours. The bullish momentum was severely depleted, and after overbought conditions, a pullback was very evident. Midnight is likely to continue the decline.

In terms of operation, the overall approach at midnight remains bearish. Watch the resistance in the 4705-4715 zone. If the rebound fails to break through this zone, consider a light short position. Set the stop loss above 4725, with targets around 4675-4665. Focus on the support zone at 4655-4645; if a pullback tests this area without breaking below, consider a light long position with a stop loss below 4635, aiming for around 4685-4695. Overall, follow the trend, avoid chasing highs or blindly holding positions, strictly control your position size, and wait for clear signals before acting.

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