Gold Plunge Warning! Key Resistance Level at Midnight, Bullish Outlook Remains Unchanged!

Gold Digger Old Cat | 2026.04.22

The market will never disappoint those who stay alert; behind extreme volatility, the clearest trend signals are often hidden.

From the 1-hour chart, after reaching a high of 4833, gold has entered a smooth bearish trend, directly breaking below the lower Bollinger Band support, with a low of around 4723, currently oscillating near 4743. The upper and lower Bollinger Bands have opened downward, with strong resistance around 4829 at the upper band, and support at 4733 was briefly pierced. Future rebounds here will turn into key resistance levels.

The overall strategy at midnight continues to favor short positions. First, watch for a rebound resistance around 4760-4770, with strong resistance in the 4800-4810 range. As long as the price cannot re-establish above the lower Bollinger Band, the bearish trend will not fundamentally change. Support levels below are at 4720-4710; if broken again, the downward space is likely to open further.

A special reminder for friends caught in positions: being trapped and holding no position are two completely different concepts. When out of the market, you can operate flexibly according to the trend, but after being trapped, your mindset and risk tolerance are amplified, especially during midnight volatility and low liquidity. Blind operations at this time can easily lead to repeated losses, increasing unrealized losses. It is recommended to stay calm tonight, avoid impulsive moves, and leave trading until tomorrow’s daytime session. Once the market rhythm is clearer and liquidity recovers, develop a prudent plan to unwind positions, avoiding the risks of chaotic midnight fluctuations.

Trading involves risks; enter the market with caution. The above analysis is only a personal opinion sharing and does not constitute any trading advice. Profit and loss are your own responsibility.