Gold Afternoon: Pressure Level Repeatedly Verified, High (Short/Bearish) Outlook Remains Unchanged

Gold Digger Old Cat | 2026.04.16

The market’s rhythm is never something achieved in one step and never a one-way move. Instead, it finds its final direction through the process of repeatedly validating support and resistance. Patience is not passive waiting; it is carrying out the established strategy with determination after confirming signals.

The clearly defined strong resistance zone of 4835-4845 in the morning saw the price test around 4838 twice; both times it met resistance and pulled back, confirming the effectiveness of the resistance. From a technical perspective, the price is approaching the upper Bollinger Band, which is being suppressed, and there are clear signs of stagnation at high levels. Upward momentum is weakening, and the need for a pullback is stronger. On the news front, there is no strong positive catalyst to push the market higher. The U.S. dollar’s slight fluctuations have not broken the range-bound pattern. At higher levels, the game is still mainly a technical pullback.

In the afternoon, continue to maintain the high (short/bearish) approach. Based on the 4835-4845 range, set short positions, first targeting the 4800 level. If it breaks, then look around 4780. Wait patiently for the targets to be reached and execute according to the plan.

⚠️Disclaimer: The above content is only a personal trading idea sharing and does not constitute any investment advice. The market is risky; exercise caution when entering the market. #黄金🔥