Gold Plummets Then Weak Rebound, Shorting Remains the Main Tune

Digging Gold Old Cat
March 19, 2026

The essence of trading is not prediction, but following the footsteps of trends and pursuing returns that belong to you within controllable risks.

During midday, gold maintained narrow-range oscillations with prices repeatedly grinding in the 4840-4860 range. Overall, it remained in the recovery stage following yesterday's crash, with weak rebound strength and no strong reversal signals appearing. The pattern dominated by short positions remains unchanged.

From a technical perspective, on the hourly chart, prices are pressured by the Bollinger Band middle line and moving average resistance. Rebounds have been blocked and fallen back multiple times. Although the lower band showed a slight upward hook, the overall opening still diverges downward with a clear bearish trend. The 4865-4870 region has become the current key resistance zone. If gold's rebound fails to break through this range, it will continue to extend the downtrend. Below, support is first seen at the 4820-4800 region. After breaking this level, further downside space will be opened.

Strategy remains with short bias. Enter in batches when gold rebounds to the 4862-4868 range, targeting first at 4830-4820, then further at the 4800 level. Set stops above 4880.

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Disclaimer: The above analysis is only a personal trading idea sharing and does not constitute any investment advice. Markets carry risks; trade with caution.