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, and the current price fluctuates around 4743. The upper and lower bands of the Bollinger Bands have opened downward, with strong resistance near 4829 at the upper band, and support at 4733 was briefly pierced. Subsequent 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 first seen at 4720-4710. If broken again, it is likely to further open the downside space.

A special reminder for friends caught in a trap: being trapped and holding no position are two completely different concepts. When holding no position, you can operate flexibly according to the trend, but once trapped, your mentality and risk tolerance are amplified, especially during midnight volatility and low liquidity. At this time, blind operations can easily lead to repeated losses, increasing unrealized losses. It is recommended to stay calm tonight, avoid impulsive actions, 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 operational advice. Profit and loss are your own responsibility.