Short position perfectly executed! Gold continues to trend higher before shorting again

Gold Digger Old Cat | 2026.04.24

The essence of trading is to find high-probability opportunities amid uncertainty, constrain emotions with rules, fight volatility with rhythm, and only take a sip from the vast water of opportunities.

In the morning, we provided a short-selling strategy in the 4710-4720 range, and the market precisely reached the highest entry point at 4711. Subsequently, it declined all the way down, our first target of 4660 was easily broken, with the lowest dipping to 4657. The market moved exactly as expected, and profits have been realized.

From the 1-hour Bollinger Bands, the opening is downward, with prices consistently under the middle band, indicating a clear bearish trend. Short-term rebounds are weak, with no reversal signals. The current rhythm remains a weak, bearish oscillation.

Future operations will continue to focus on shorting at higher levels, with partial entries during rebounds around 4695-4705. Place stops above 4715. The initial target is 4660-4650. If broken, follow the trend downward; do not attempt any counter-trend long positions.

This content is only a sharing of personal trading ideas and does not constitute any investment advice. The market carries risks; trading must strictly control position sizes and risk.