Midnight Raid! How High Can the Gold Bulls Push?

The essence of trading is patiently waiting for your own rhythm, not being disturbed by short-term fluctuations. Steadiness is the long-term way.

From morning to evening, we relied on the strong resistance at 5200 to continue shorting. The bearish strategy proved effective throughout, capturing multiple profits from pullbacks; in the evening, we issued an early warning that the market might test around 5230. In actual movement, the price briefly touched above 5220 before pulling back to around 5180. The high-altitude short strategy remains validated. From a technical perspective, the current price is above the middle Bollinger Band and short-term moving averages. The MACD histogram continues to expand in the red, indicating that bullish momentum has not significantly weakened. After a slight correction following a series of consecutive hourly gains, the overall upward structure remains intact. In the short term, there is still momentum to push toward the 5250-5270 range.

On the news front, recent market expectations of a Fed rate cut have been delayed again, coupled with a slight increase in geopolitical risk aversion, jointly supporting the strong performance of gold prices. This is the core logic behind the bulls' ability to continuously break through key resistance levels.

Operationally, we still maintain a high-altitude shorting approach, focusing on the 5250-5270 range. When the price enters this zone and shows clear signs of stagnation (such as long upper shadows on K-line or MACD bearish divergence), we will consider short positions. The initial targets are the 5230-5200 range. Risk control must observe signs of momentum exhaustion; do not blindly enter when the price just hits the target level to avoid chasing at high prices.

This strategy is only a personal trading idea sharing and does not constitute any investment advice. The market carries risks; trade cautiously.