Gold Plummets Over 100 Points! After Failed Attack on 4900, Short-Side Frenzy Ensues. High-Altitude Short Strategy Remains Unchanged Today!

Golden Old Cat
March 19, 2026

True trading has never been about predicting every fluctuation, but rather maintaining your own rhythm within the trend.

Last night's market action was completely in line with our bearish judgment. After failing to breach the 4900 level, prices came under pressure and retreated, followed by brief consolidation near 4800. In the early morning session, the downward momentum resumed, and at close of trading, prices settled around 4814, with bearish momentum continuing to release.

From a technical perspective, prices have completely broken through the lower Bollinger Band, with the moving average system in bearish alignment. Short-term rebound strength is extremely weak, with each minor bounce becoming a springboard for bears to push again. The overall trend remains skewed to the downside. Current prices are oscillating within the 4810-4825 range, and while there are brief signs of stabilization, no clear reversal signals have emerged. The bearish-dominated pattern remains unchanged.

Operationally, we continue the low-long high-short strategy, with high shorts as the main focus. Watch for resistance in the 4840-4850 zone above; if prices bounce to this level, consider initiating short positions with stops above 4860 and targets first at 4800, then 4780-4760 on breakdown. If price touches 4780 below, consider light long positions with stops at 4765 and targets at 4810-4820.

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Disclaimer: The above analysis is for personal reference only and does not constitute any investment advice. Investment carries risks; enter the market with caution.