Juejin Old Cat: Gold Bears Precisely Fulfilled, 4790 Reversal at Bottom, Long-Biased Strategy Initiated

The core of trading is to follow the trend. This morning’s firm bearish outlook perfectly aligned with the market movement, from a high level down to a bottom reversal, with every step within expectations.

Today, gold initially declined then rose. After establishing a short position in the morning, the market moved as expected with a unilateral decline, with targets at 4850 and 4800 consecutively hit, and the lowest point touching 4790. The bearish strategy was executed precisely throughout. After reaching the low, the market strongly reversed, ending the morning’s downward channel, stabilizing at the bottom, and entering the bullish recovery phase.

From a technical perspective, the morning bearish structure was clear. After breaking key support, a definite reversal signal appeared near 4790, with moving averages turning, MACD forming a bullish crossover at low levels, confirming bottom reversal, and ending the bearish trend.

Strategy-wise, the morning shorting phase concluded, and the current focus shifted to long positions. Watch for support at 4850-4880, look for a pullback and stabilization to enter long, with targets at 4950-4980, and a breakout above 5000. Strictly set stop-losses and follow the trend to seize the bullish recovery.

【Disclaimer】This article reflects personal trading views only and does not constitute investment advice. The market carries risks; trade cautiously. Any operations based on this are at your own risk and profit or loss.