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 shown a smooth bearish trend, directly breaking below the lower Bollinger Band support, with a low of around 4723, and the current price fluctuates around 4743. The upper and lower bands of the Bollinger Bands have opened downward, with strong resistance at around 4829 on the upper band. After the lower band support at 4733 was briefly pierced, subsequent rebounds will turn this into a key resistance level.

The overall strategy at midnight continues to favor short positions. First look at the rebound resistance at 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 below is at 4720-4710; if it breaks again, the downward space is likely to open further.

A special reminder for friends caught in a trap: being trapped and holding no position are two completely different concepts. When no position, 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 round-trip losses, increasing unrealized losses instead. It is recommended to hold your position steady tonight, avoid impulsive actions, and leave trading for the daytime session. Once the market rhythm becomes 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 operational advice. Profit and loss are your own responsibility.