Midnight Raid! Gold Short Sellers Score Another Victory, Precise Layout at This Moment

Golden Old Cat Digger | 2026.03.16 Around 11:30 PM

From the current 1-hour chart and overall structure, gold continues the intraday weak downtrend, with technical and news aspects resonating bearishly.

On the technical side, price is currently trading below the middle band of the Bollinger Bands, with the lower band (around 4990) still exerting downward pull, short-term moving average alignment shows bearish setup suppressing bounce strength; meanwhile, price has broken through the intraday key support zone of 5010-5005, looking further down toward the previous low of 4967-4970, with resistance concentrated around 5020-5025, if the bounce fails to hold here, the downtrend will continue.

News-wise, no major data impact tonight, market still digesting previous NFP and inflation expectations, US dollar and Treasury yields maintaining relatively strong oscillation, exerting sustained pressure on precious metals with no clear bullish signals to reverse the current weakness.

Comprehensive judgment, midnight trading main bias remains being high-long to go short, operationally recommended to position short orders when bouncing to 5020-5025 zone, targets first look at 5000-4990, breakdown can target 4970, with stop loss placed above 5035; if price directly breaks below 4990, can pursue shorts with light positions targeting 4970, do not recommend blindly catching falling knives going long.

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Disclaimer: The above is merely personal comprehensive analysis of technical and news aspects, does not constitute any investment advice, market carries risk, operations require caution.