Juejin Old Cat Midnight Gold Strategy

The essence of trading is to find certainty within uncertainty. When the market pours down like a waterfall, some panic, while others can position themselves precisely. True experts are always fearful when others are greedy, and greedy when others are fearful.

Spot gold continues its strong momentum tonight, opening at 5107.48, reaching a high of 5205.06, and a low of 5102.89. As of midnight, the quote is 5197.31, up $89.51 from yesterday’s close, a 1.75% increase. Bulls remain strong tonight, with prices temporarily breaking above previous highs, followed by slight fluctuations at high levels.

From the 1-hour BOLL indicator, the price is currently near the upper Bollinger Band, which is exerting resistance. The middle band around 5130 provides support below. The short-term moving averages are in a bullish alignment, indicating an ongoing bullish trend, but indicators like RSI have entered overbought territory, suggesting a pullback may be needed. Overall, the midnight market is likely to fluctuate within a narrow range, awaiting further bullish momentum or a technical correction.

Core idea: Buy low, sell high
Resistance levels: 5205 tonight’s high, 5220 key integer level
Support levels: 5180 short-term support, 5130 Bollinger middle band

For midnight trading, continue with the buy low, sell high approach. If the price rebounds to the 5200-5205 zone and faces resistance, consider gradually opening short positions targeting 5180-5170, with a stop loss above 5210. If the price pulls back to the 5130-5140 zone and finds support, try light long positions aiming for 5160-5170, with a stop loss below 5120.

Disclaimer: The above analysis reflects personal views only and does not constitute any investment advice. The market carries risks; invest cautiously. Trade at your own risk.