Juejin Old Cat: Gold Midday Strategy, Firmly Focused on Going Short

The essence of trading is to find certainty within uncertainty. When the market pours down like a waterfall, fear causes most people to give up their chips, while true hunters are already prepared with their rifles from above.

In the morning session, gold continued yesterday’s rally and pullback pattern, dropping quickly after the open to a low of $5145.46, then rebounding slightly. As of now, the price is at $5176.42, down $51.08 from yesterday’s close, a decline of 0.98%, with a high of $5249.68. The midday trading shows narrow fluctuations, with bulls and bears repeatedly fighting within the 5180-5200 range.

From the 1-hour BOLL indicator, the price has broken below the upper band and the midline, currently trading below the midline, indicating that short-term bearish momentum dominates. The midline (around 5190-5200) has shifted from support to strong resistance. If the rebound cannot break through effectively, the downtrend will be further confirmed. The lower band (around 5120-5130) remains an important support level.

The core strategy continues to favor short positions, with a narrow range of consolidation at midday. If the price rebounds to the 5190-5200 zone and faces resistance, consider gradually opening short positions targeting 5150-5130, with a stop loss above 5210. If the price pulls back to the 5130-5140 zone and finds support, try light long positions with targets at 5170-5180, and a stop loss below 5120.

This strategy is for reference only and does not constitute any investment advice. The market carries risks; invest cautiously. Operate accordingly at your own risk and profit or loss.