Gold Weakness Unchanged, Medium-to-Long Term Bottom-Fishing Positioning Imminent

Digging Gold Old Cat
March 20, 2026 Early Morning

Market Review: We clearly indicated this afternoon to focus on the 4560-4500 range for participation. Gold price showed a minor bottom rebound near 4500, but this is merely a technical correction following the sharp decline and does not constitute a trend reversal. Currently, the market shows no effective bottom-building signals, and the overall weak pattern remains unchanged with a clear directional bias.

Technical Analysis: The Bollinger Bands are overall opening downward with price continuously under pressure below the middle band. The bearish structure is complete and clear; MACD is running below zero axis with a death cross, green columns continuing to expand, and bearish momentum showing no signs of weakening. Short-term conditions for a bottoming reversal are not in place. The market continues to move primarily with weak oscillations, completely within our expectations.

News: The current market focus is entirely on tomorrow's non-farm payroll data, which will directly determine gold's next major directional move. Before data release, market sentiment remains cautious. Combined with larger price swings during the day, tonight's midnight action will likely consolidate within the 4550-4620 range without extreme one-sided moves, presenting an ideal opportunity for us to control rhythm and establish positions.

Midnight Short-Term Strategy: Near the 4550 level during midnight hours, consider light long positions with quick entries and exits; when touching 4620 above, establish short positions, going with the momentum for more stable holdings and peace of mind. Steady operations carry us further.

Medium-to-Long Term Positioning: For this round of action, we have locked our medium-to-long term bottom-fishing long entry zone at 4400-4500. Build positions gradually upon reaching this zone, capturing this major-level rebound opportunity. First medium-to-long term target is 4800-4900. My personal assessment is that when the rebound reaches 4900-5000, it will pause and enter high-level consolidation. Breaking and holding above 5000 short-term would be quite difficult, so we avoid chasing highs and only trade high-probability setups.

True major opportunities have never been chased—they are waited for and positioned for. This medium-to-long term bottom-fishing wave offers ample room, clear trends, and stable rhythm, making it a rare positioning window this year.

Position Reminder: Medium-to-long term positioning must strictly control position sizing, enter gradually with light positions, and build steadily. Friends with sufficient capital who want to join this precise medium-to-long term bottom-fishing and capture this wave of major profits, contact me directly to participate, follow professional positioning, avoid missing out, stay rational, and protect capital.

Disclaimer: The above analysis is merely a personal trading idea sharing and does not constitute any investment advice. Profits and losses from trading based on this are your own responsibility.