Midnight Raid! Gold Bears Strike Again, Precision Layout at This Moment

Golden Cat Mining | 2026.03.16 Around 11:30 PM

From the current 1-hour chart and overall structure, gold has continued its intraday weak downtrend, with technical and news factors resonating bearishly.

On the technical side, price is currently trading below the middle band of the Bollinger Bands, with the lower band (around 4990) still exerting downward pull; short-term moving averages are arranged in bearish order, suppressing rebound strength. Meanwhile, price has broken through the key intraday support zone of 5010-5005, with further downside targeting the previous low of 4967-4970, while upside resistance is concentrated around 5020-5025. If the rebound fails to hold here, the downtrend will continue.

On the news side, there are no major data impacts tonight; the market is still digesting earlier non-farm and inflation expectations, with the dollar and US Treasury yields maintaining relatively strong volatility, creating sustained pressure on precious metals with no obvious bullish signals to reverse the current weak pattern.

In comprehensive assessment, the midnight market's main idea remains biased toward shorting on rallies. Operationally, it is suggested to lay out short positions at 5020-5025 on rebounds, targeting 5000-4990 first, with further breakdown potentially reaching 4970, with stops placed above 5035. If price directly breaks below 4990, consider light short positions targeting 4970; blind long bottom-fishing is not recommended.

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Disclaimer: The above is merely a comprehensive analysis of personal technical and news factors, not constituting any investment advice. Markets carry risk; operations require caution.