$XAU The market is always right, but my judgment is often one step ahead of the market.
While everyone was still celebrating a push toward 4200, I went the other way and placed a limit short at 4197.
The reason is simple: prices were stalling at the highs, and 4200 had remained resistance.
Just look now: 4175. In barely an hour, more than 20 points of profit landed right on target.
That’s the art of trading: be fearful when others are greedy, and take profits while others chase higher prices.
This wave of “limit-order perks” means friends who trusted me and followed along have their late-night snack covered tonight.#XAU
While everyone was still celebrating a push toward 4200, I went the other way and placed a limit short at 4197.
The reason is simple: prices were stalling at the highs, and 4200 had remained resistance.
Just look now: 4175. In barely an hour, more than 20 points of profit landed right on target.
That’s the art of trading: be fearful when others are greedy, and take profits while others chase higher prices.
This wave of “limit-order perks” means friends who trusted me and followed along have their late-night snack covered tonight.#XAU