Midnight Gold: Volatile Range-Bound Shakeout, the Bearish (High-Position Short) Plan Remains Unchanged

Gold Digger Lao Mao | 2026.04.23

Every fluctuation in the market is a test of patience and timing. There’s no need to get thrown off by short-term price movements—following the trend is the path that lasts.

Today, gold has been repeatedly locked in a back-and-forth at high levels. After pushing upward, it quickly fell back. There has been a wide intraday range shakeout, and the current price is hovering around 4733, with overall oscillation leaning weak. In terms of technicals, the overhead resistance is clear: the price center is drifting slowly lower. At midnight, the odds are high that the market will continue the downward-leaning shakeout pattern. On the news front, there’s no major data to drive the market. Short-term noise won’t change the current structure—so trading should mainly be based on the technical picture.

Overall, at midnight the bias is mainly for shorts, with low longs as a supplement. For the key resistance area, watch 4745-4750. If price reaches it, consider building short positions in batches; the stop-loss should be placed above 4755. Targets are in the 4710-4690 zone. If that level is broken, further downside could extend toward around 4670. For support, watch 4680-4685. On the first test, you can try a light short-term long position; set the stop-loss below 4675, and the target can be around 4710. Quick in, quick out—don’t linger.

The content above is only a personal trading-thoughts sharing and does not constitute any investment advice. The market has risk; investment requires caution. Trade according to your own position size and risk tolerance, and strictly do risk control. #Gold