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Juejin Old Cat Midnight Thoughts
May 7, 2026
The most precious thing in trading is to stay clear-headed within a trend and not let your emotions carry you away.
Gold is currently consolidating at a high level. The hourly Bollinger Bands show that the upper band is capping at 4768, with the middle band supported at 4720. The short-term bullish trend has not been broken, but the bias is on the high side, so there is a need for a pullback and correction.
In terms of execution, mainly follow a range-trading approach. Keep an eye on the resistance at 4760-4770; if price meets resistance, you can lightly test a short position, with a stop loss above 4775. Targets are 4730-4720; if it breaks down, look toward 4700. If there is a valid breakout above 4770, abandon the short and wait for a new signal. If price pulls back to 4720-4710 and stabilizes, you can participate with a short-term long, with a stop loss below 4700 and targets at 4740-4750.
⚠️ Risk warning: The above is only a personal trading thought-sharing and does not constitute any investment advice. There are risks in the market; trade with caution.#黄金