Chen Jie's Review of Last Monday
The short position at 4160–4170, publicly mapped out Monday morning, dominated the market throughout the session. Using resistance as a basis for repeated confirmation, the market offered four precise opportunities to enter swing trades. Profits were taken in batches at 39, 15, 17, and 35 points of movement, for a total of 106 points in swing-trade profits for the day. In the evening, a surge in volume drove a maximum single-move extension down 47 points.
Real technical skill is never about chasing rallies or selling off in a panic during the session; it’s about identifying resistance levels in advance. Only when the logic stands up to repeated testing and execution remains consistent can you steadily pocket every reliable move amid repeated shakeouts.#xau $XAU
The short position at 4160–4170, publicly mapped out Monday morning, dominated the market throughout the session. Using resistance as a basis for repeated confirmation, the market offered four precise opportunities to enter swing trades. Profits were taken in batches at 39, 15, 17, and 35 points of movement, for a total of 106 points in swing-trade profits for the day. In the evening, a surge in volume drove a maximum single-move extension down 47 points.
Real technical skill is never about chasing rallies or selling off in a panic during the session; it’s about identifying resistance levels in advance. Only when the logic stands up to repeated testing and execution remains consistent can you steadily pocket every reliable move amid repeated shakeouts.#xau $XAU