Gold's Asian session is dominated by bears! A rebound is a short, the trend is clear

Gold Digger Old Cat
April 9, 2026

The essence of trading is a game of probabilities, not emotional gambling. Every entry must be responsible for your position, every exit must pay for your judgment. Respect the market to achieve steady and long-term success.

During the Asian session, spot gold fluctuated narrowly around 4716, with a high of 4733.04 and a low of 4699.01. Overall, it continued the previous downward trend with a correction phase. From the 15-minute chart, the Bollinger Bands remain opening downward, with prices consistently under pressure below the middle band. MA5 and MA10 are in a bearish alignment, exerting clear downward pressure. The current price is temporarily supported near the lower Bollinger Band, showing a slight rebound for correction, but the overall bearish pattern remains unchanged. RSI has slightly risen but remains below the neutral 50 line, indicating insufficient bullish momentum. The rebound is more technical correction rather than a trend reversal.

Looking at key levels, the first resistance is precisely at 4728-4732, corresponding to the intraday high and the upper Bollinger Band pressure. This is the core entry zone for today’s short positions. If the price rebounds to this zone, you can directly enter short positions, with a stop loss above 4736. Targets are set at 4705-4700, and if broken, hold for 4690-4685. The first support is precisely at 4698-4702, serving as the intraday low support. If the price retraces to this zone without breaking below, consider light long positions for quick entry and exit, with a stop loss below 4695. Targets are 4715-4720. Avoid fighting the trend. The overall strategy favors short positions, with long positions only for very short-term assistance. Strictly adhere to stop-loss rules to avoid chasing rallies or panic selling.

Precise Trading Zones
Core Short Entry: 4728-4732, stop loss 4736, targets 4705-4700, break below for 4690-4685
Auxiliary Long Entry: 4698-4702, stop loss 4695, targets 4715-4720

Disclaimer: This article is for personal technical analysis only and does not constitute any investment advice. The market carries risks; invest cautiously. Trade at your own risk.