Gold Falls Sharply, Weak Rebound - Short Selling Still the Main Theme
Gold Digging Old Cat March 19, 2026
The essence of trading is not prediction, but following the footsteps of trends and capturing profits that belong to you within controllable risks.
During midday trading, gold maintained narrow range fluctuations, with prices repeatedly testing the 4840-4860 range. Overall, it remains in the recovery stage following yesterday's sharp decline, with weak rebound strength and no strong reversal signals appearing. The pattern dominated by short sellers remains unchanged.
From a technical perspective, on the hourly chart, prices are pressured by the Bollinger Band middle band and moving average resistance. Rebounds have encountered resistance multiple times and retreated. Although the lower band shows slight hooks upward, the overall opening continues to diverge downward, with a clear downtrend. The 4865-4870 zone becomes the key resistance area. If gold's rebound fails to break through this range, it will continue the downward trend. Support below should first target the 4820-4800 zone. A breakdown will further open downside space.
Strategy-wise, we continue with the short selling approach. Enter in batches when gold rebounds to the 4862-4868 range, with initial targets at 4830-4820, and further targets at the 4800 level. Place stops above 4880.
—————— Disclaimer: The above analysis is merely a personal trading perspective sharing and does not constitute any investment advice. Markets carry risks; trading requires caution.
Gold Falls Sharply, Weak Rebound - Short Selling Still the Main Theme
Gold Digging Old Cat
March 19, 2026
The essence of trading is not prediction, but following the footsteps of trends and capturing profits that belong to you within controllable risks.
During midday trading, gold maintained narrow range fluctuations, with prices repeatedly testing the 4840-4860 range. Overall, it remains in the recovery stage following yesterday's sharp decline, with weak rebound strength and no strong reversal signals appearing. The pattern dominated by short sellers remains unchanged.
From a technical perspective, on the hourly chart, prices are pressured by the Bollinger Band middle band and moving average resistance. Rebounds have encountered resistance multiple times and retreated. Although the lower band shows slight hooks upward, the overall opening continues to diverge downward, with a clear downtrend. The 4865-4870 zone becomes the key resistance area. If gold's rebound fails to break through this range, it will continue the downward trend. Support below should first target the 4820-4800 zone. A breakdown will further open downside space.
Strategy-wise, we continue with the short selling approach. Enter in batches when gold rebounds to the 4862-4868 range, with initial targets at 4830-4820, and further targets at the 4800 level. Place stops above 4880.
——————
Disclaimer: The above analysis is merely a personal trading perspective sharing and does not constitute any investment advice. Markets carry risks; trading requires caution.