Gold Night Session Market Analysis and Strategy


Gold daily and 4-hour cycle technical indicators are at low levels, and have been running for a long time. In the current bearish trend, although shorting is the main approach, we must follow the principle of shorting at high levels when encountering resistance zones.
This can avoid the risk of chasing shorts and encountering a single-candle rebound of $78 at 21:00 US session yesterday. Additionally, if the resistance zone is broken, the stop-loss cost is very small, only $10 to $15.
The resistance zone for gold night session remains in the 4000-4100 area. When gold price is in this area, you can lay out short orders in batches, with targets in the 3920-3930 area.
Gold night session can also use the 5-minute top structure
formation to lay out short orders, and comprehensively determine the turning point of the end of the rebound together with the resistance zone.
What needs attention in tonight's session is that if the gold price breaks through the 4020 level, stop shorting trades, and re-establish the trading plan based on subsequent price action.
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