This Week’s Gold Trading Weekly Review

Author: Gold Digger Old Cat
In the first half of the week, on Monday, gold broke below the middle band of the Bollinger Bands, establishing the trading mindset of “bearish dominance—sell on rebounds.” The resistance zone of 4660-4670 and the support zone of 4610-4580 were precisely verified. The market retreated from around 4653 down to the 4600 level. On Tuesday, the high-shorts approach continued, with short positions placed in the 4668-4670 range targeting 4635-4620. After the price surged to 4667.98, it pulled back to 4628.63—perfectly delivering the bearish timing. After pushing up above 4800 midweek, the shorts placed at 4805-4810 were precisely dumped into the 4770 target level. The high of 4857 then fell steadily all the way back to around 4732, with the entire rhythm firmly under control.
In the second half of the week, on Thursday, the market entered a range-bound oscillation between 4732 and 4700. We traded back and forth around the top and bottom edges of the range—fast in, fast out—continuously harvesting profits. On Friday, the high-shorts approach persisted, with short positions placed in the 4770-4780 range targeting 4740-4730. After the price surged to 4782.47, it pulled back to the 4730 level, and all the anticipated levels were fully met.

This week, we moved from a one-way decline to range-bound oscillation, and all key rhythms and level predictions were carried out to the letter. No matter how the market moves, that’s how we earn—we’ve firmly secured this week’s core profits.