Range operation wins big! Gold rebounds do not change the medium-term bearish pattern

Gold Digger Old Cat
April 9, 2026

The core of trading is to anchor uncertain market conditions with a confirmed rhythm. Only by steadily capturing every fluctuation can you reliably take profits. This morning, we laid out a strategy of high selling and low buying within the 4732-4700 range. The entire day’s market matched our forecast perfectly, and friends who followed the rhythm reaped substantial profits.

From the 1-hour Bollinger Bands perspective, the upper band at 4755.79 forms strong resistance, the middle band at 4725.70 is a dynamic support, and the lower band at 4695.62 is the defensive bottom line. The current price is holding above the middle band. RSI has rebounded but has not entered overbought territory. While the short term is biased upward, there is no momentum to drive a one-way surge. Overall, the market still remains in a range-bound, oscillating pattern. In the bigger picture, the medium-term upward momentum has been gradually exhausting. This rebound is only a technical correction after a decline, and it does not change the overall bearish trend. Going forward, rebounds will continue to be an excellent opportunity for taking shorts at higher levels.

Next, the trading plan is clear: when the rebound touches the upper band range of 4755-4760, decisively take shorts at higher levels. For the pullback to the middle band support at 4725-4730, only take short-term longs at lows—enter quickly and exit quickly. Using 4695 (the lower band) as the risk-control line, strictly set stop-losses, control position size, and do not chase price strength or sell in panic. Stay tightly within the range boundaries to secure profits steadily, while also sticking to the core logic of staying short at higher levels against the bigger trend.

Disclaimer: This article only represents personal views and does not constitute any investment advice. The market is risky; investment requires caution. Investors act on their own risk.