Afternoon Gold Trading Strategy

Gold Digger Lao Mao | 2026.05.08

The essence of trading is to find high-probability certainty amid uncertainty. Maintaining your rhythm allows you to seize market opportunities.

Let's first review the morning outlook. The resistance level at 4730-4735 remains valid so far. Price repeatedly tested this zone during the Asian session, facing resistance and pulling back, indicating selling pressure above. However, as the price continues to rise, short-term bullish momentum is gradually releasing. If the afternoon trend strongly breaks through this resistance zone, the upside space will open, with targets around 4760-4765.

Overall in the afternoon, the main idea is to buy low and sell high within the range.

If the price continues upward and breaks above 4735, upon reaching the key resistance zone at 4760-4765, consider a small short position with a tight stop-loss, aiming first for a pullback to the 4710-4700 area.

If the price does not break the morning resistance level or pulls back to the support zone at 4710-4700, you can try a small long position again, paying attention to the support near the middle band of the Bollinger Bands. If the support holds, the upside target remains the 4730-4735 resistance zone; a break would continue the bullish trend.

Maintain a mostly oscillating and bullish rhythm, set stop-losses at key levels, avoid chasing highs or selling lows, and wait for clear signals before taking further action.

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