Evening Signal Warning: Gold may initially surge higher to lure buyers before experiencing a deep correction



Gold Digger Lao Mao | 2026.05.08

The essence of trading is understanding the main force's script, not following emotions recklessly.

In the evening market, the 1-hour cycle price surged and has been consolidating above the middle band of the Bollinger Bands, appearing somewhat bullish, but actually in a state of gathering strength. Considering the market sentiment before the Non-Farm Payrolls report, the trend is likely to first move up again, testing the previous high pressure zone at 4765-4770, which is prone to trigger chasing-buyers sentiment and form a false breakout. Once this resistance level is confirmed to be pressured, the market may quickly fall back, with support zones at 4650-4670.

Overall trading approach, it is not recommended to blindly chase highs in the evening. Focus on the resistance signals in the 4765-4770 zone above, and confirm before following the trend to short the retracement.

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
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