The medium- to long-term short setup in the 4165–4195 range that Chen Jie identified in advance in last week’s outlook served as an absolute ceiling throughout. Price action repeatedly met resistance in this zone and delivered two major one-way declines: the first phase fell steadily, yielding 65 points; the second saw a sharp, high-volume drop that extended the move by another 118 points. Together, the two swings captured 183 points.

The essence of trend trading is not to trade frequently, but to focus on key structural levels and wait patiently for the right opportunity. Identify structural resistance, hold medium- to long-term positions, and give the trade time to develop; reliable profits will naturally compound.#xau $XAU