The last round of the ETH strategy I posted earlier has already locked in profits. In “pick-up-the-money” markets, the opportunities are often hidden in the most unremarkable details—this run, $XAU , I feel is right around the corner. Look at the hourly chart: when the price pushes upward, the volume tends to shrink. I’ve seen this kind of divergence way too many times—most likely, the rise will be retraced. We don’t fight the trend. The market is clearly weakening, and holding long positions hard doesn’t make sense.
I believe the odds are higher that price will move downward. Once a key support level breaks, the bearish move will accelerate. Of course, I’m also watching that upper level—if price reclaims it, I’ll admit I’m wrong and exit. Right now, I’m just waiting for the market to choose its direction; my bias is to the downside.
🔴 Trading Direction: Short
📍 Entry Range: 4622 – 4642
🛑 Stop Loss: 4660
🎯 Take Profit 1: 4605
🎯 Take Profit 2: 4582
In still waters runs deep wisdom; through market ups and downs, stay calm and composed.
Walk alongside Faye Jie, and read the pulse of the surging wealth tide.
#XAU
Click the button below to trade 👇
I believe the odds are higher that price will move downward. Once a key support level breaks, the bearish move will accelerate. Of course, I’m also watching that upper level—if price reclaims it, I’ll admit I’m wrong and exit. Right now, I’m just waiting for the market to choose its direction; my bias is to the downside.
🔴 Trading Direction: Short
📍 Entry Range: 4622 – 4642
🛑 Stop Loss: 4660
🎯 Take Profit 1: 4605
🎯 Take Profit 2: 4582
In still waters runs deep wisdom; through market ups and downs, stay calm and composed.
Walk alongside Faye Jie, and read the pulse of the surging wealth tide.
#XAU
Click the button below to trade 👇