Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
⚠️ Do not chase short positions at low levels of gold; change your approach at the open tomorrow!
Gold Miner Old Cat
2026.04.13
The most dangerous thing in the market is holding onto past achievements as current truths. Even if the market sentiment is good this week, you shouldn’t blindly take high short positions at low levels. Following the trend isn’t about mindless copying, but about dynamically adjusting your strategy based on price positions.
On the 1-hour chart, the price has already fallen near the lower Bollinger Band, and the WR indicator has entered the oversold zone. The short-term downward momentum is clearly weakening. Entering short positions at this level is no longer worth the risk-reward ratio. On the daily chart, the upper shadow left by last week’s rally indeed suppressed the bulls, but after a continuous pullback, the support zone below has started to show resilience. Blindly following the trend and shorting is very likely to result in getting caught at low levels.
The approach at the market open tomorrow must be completely revised. Abandon the habitual high short positions and focus on low-level trading opportunities. Keep an eye on the support zone between 4725-4735, which is the resonance support of the lower Bollinger Band and previous lows. If the market stabilizes at the open without further decline, consider a small long position to test the waters, with a stop loss below 4718, targeting the resistance zone at 4755-4765. If the price breaks down directly, do not chase shorts. Wait for a rebound back to the 4765-4775 resistance zone, then reassess the short opportunities based on market strength, with a stop loss above 4785, aiming for the support level around 4730.
In trading, the direction is never fixed; position size is the key to managing risk. At this level, abandoning high short positions and waiting for clearer signals from the market is the safest choice.
The above content is only a personal trading idea share and does not constitute any investment advice. The market carries risks; invest cautiously.