Juejin Old Cat: Precise Prediction of Midnight Market, Bearish Trend Confirmed at 4850, Morning Strategy in Place

The core of trading lies in accurately grasping the trend, not being disturbed by short-term fluctuations, and sticking to the established mindset to ensure profits arrive as scheduled.

Looking back at the midnight market, gold faced resistance at high levels and began a one-sided downward trend. The bearish force continued to exert itself, and prices kept falling. We previously maintained a bearish outlook, firmly expecting a decline and directly setting a target of 4850. The market moved exactly as predicted, precisely reaching the 4850 target, perfectly validating the bearish trend. The decline during midnight fully released the bearish momentum.

From a technical perspective, during midnight, gold prices closed lower consecutively, breaking through multiple key support levels. The moving average system showed a bearish alignment, exerting clear pressure on the price. The Bollinger Bands opened downward, with prices moving along the lower band. The MACD indicator continued to expand below the zero line, indicating ample bearish momentum. The overall structure remains dominated by the bears, and short-term rebounds are seen as corrections, unlikely to change the downward trend.

Regarding strategy, after the market opened at 7:00 AM, we still adhere to the high short position approach, avoiding easy bottom-fishing. Watch the 4980-5000 resistance zone above; if the price rebounds to this area and faces resistance, consider short positions accordingly. The first target below is 4850 (already validated), and if broken, further look toward the 4800 integer level. Operate strictly with stop-losses, control position sizes, only take high short positions, avoid chasing longs, and follow the bearish trend.

【Disclaimer】This article only reflects Juejin Old Cat’s personal trading views and does not constitute any investment advice. The market carries risks; trading should be cautious. Investors should make independent judgments based on their own circumstances and operate at their own risk of profit or loss.