Midnight Raid! Gold Bears Strike Again, Precise Layout Right Now
Golden Cat Mining | 2026.03.16 Around 11:30 PM
From the current 1-hour chart and overall structure, gold continues its intraday weak downward trend, with technical and news factors resonating bearishly.
On the technical side, price is currently trading below the middle band of the Bollinger Bands, with the lower band (around 4990) maintaining downward pull, short-term moving averages showing bearish alignment that suppresses bounce strength. Meanwhile, price has broken below the key intraday support zone of 5010-5005, looking further down toward the previous low around 4967-4970, with resistance concentrated around 5020-5025. If rebounds cannot hold above this level, the bearish trend will continue.
On the news side, there are no major data impacts this evening. Markets are still digesting earlier non-farm and inflation expectations, with USD and US Treasury yields maintaining relatively strong oscillations that continue to pressure precious metals, with no obvious bullish signals to reverse the current weak pattern.
Overall assessment: the midnight trading main bias remains bearish on rallies. Operationally, it's suggested to look for selling opportunities at the 5020-5025 zone to establish short positions, targeting 5000-4990 first, with a break potentially leading to 4970, with stops placed above 5035. If price directly breaks below 4990, light positions can chase shorts looking toward 4970. Blind long bottoming is not recommended.
—————— Disclaimer: The above is merely personal technical and news analysis, does not constitute any investment advice. Markets carry risk, operations require caution.
Midnight Raid! Gold Bears Strike Again, Precise Layout Right Now
Golden Cat Mining | 2026.03.16 Around 11:30 PM
From the current 1-hour chart and overall structure, gold continues its intraday weak downward trend, with technical and news factors resonating bearishly.
On the technical side, price is currently trading below the middle band of the Bollinger Bands, with the lower band (around 4990) maintaining downward pull, short-term moving averages showing bearish alignment that suppresses bounce strength. Meanwhile, price has broken below the key intraday support zone of 5010-5005, looking further down toward the previous low around 4967-4970, with resistance concentrated around 5020-5025. If rebounds cannot hold above this level, the bearish trend will continue.
On the news side, there are no major data impacts this evening. Markets are still digesting earlier non-farm and inflation expectations, with USD and US Treasury yields maintaining relatively strong oscillations that continue to pressure precious metals, with no obvious bullish signals to reverse the current weak pattern.
Overall assessment: the midnight trading main bias remains bearish on rallies. Operationally, it's suggested to look for selling opportunities at the 5020-5025 zone to establish short positions, targeting 5000-4990 first, with a break potentially leading to 4970, with stops placed above 5035. If price directly breaks below 4990, light positions can chase shorts looking toward 4970. Blind long bottoming is not recommended.
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Disclaimer: The above is merely personal technical and news analysis, does not constitute any investment advice. Markets carry risk, operations require caution.