Gold Weakness Continues - Mid to Long-term Bottom Fishing Setup Imminent

Golden Cat Mining
March 20, 2026 - Early Morning

Market Review: We clearly indicated during midday to focus on the 4560-4500 zone for participation. Gold prices showed minor bottom bounce around 4500, but this is merely a technical correction after oversold conditions and does not constitute a trend reversal. Currently, the chart lacks any effective bottom-building signals, and the overall weakness pattern remains unchanged with clear directional bias.

Technical Analysis: Bollinger Bands are overall opening downward with prices continuously pressured below the middle band; the bearish structure is complete and clear. MACD is running below zero axis with dead cross, green histograms continuously expanding, bearish momentum shows no signs of weakening. Short-term lacks conditions for reversal bottom reversal, market action continues to be characterized by weak oscillations, completely within our forecast rhythm.

News: Current market focus is entirely on tomorrow's Non-Farm Payroll data, which will directly determine gold's major directional move ahead. Before data release, market sentiment is cautious. Combined with larger daytime price swings, tonight's midnight action will likely consolidate between 4550-4620 with no extreme one-sided moves - a perfect opportunity for us to control rhythm and implement positions.

Midnight Short-term Strategy: Around 4550 position at midnight, can set small long positions for quick scalping; touching 4620 above, can set up short positions. Short positions follow the trend, maintaining steadier holdings and better psychology. Stable operations lead to longer-term success.

Mid to Long-term Setup: For this round of action, we lock in our mid to long-term bottom fishing long entry zone at 4400-4500. Build positions in batches upon reaching the zone to capture this major rebound opportunity. Mid to long-term first target: 4800-4900. My personal judgment is the rebound will pause around 4900-5000 zone entering high-level consolidation. In the short term, directly breaking above and establishing 5000 sustainably faces considerable difficulty. No blind chasing, only trading high-certainty setups.

Real major opportunities are never chased - they're waited for and positioned for. This mid to long-term bottom fishing has ample space, clear trend, stable rhythm, and represents a rare positioning window this year.

Position Reminder: Mid to long-term positions must strictly control sizing, batch entry, light positioning, steady progression. Friends with sufficient capital wanting to follow this precise mid to long-term bottom fishing setup and capture this wave of major profits, contact me directly to participate. Follow professional positioning, avoid missing out, avoid blindness, and avoid losses.

Disclaimer: The above analysis is merely personal trading idea sharing and does not constitute any investment advice. Profits and losses from acting on this are your own responsibility.