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Really getting a bit carried away with this. $XAU This wave went from 3988.05 to now 4165.41, with ROE hitting +413.32%. While watching the charts, I wanted to take profit early, but I held on in the end.
At that time, the chart gave me a direct feeling: it couldn't fall, couldn't be smashed through, and every pullback was immediately bought. Many people are bearish in words, but the volume didn't continue to increase on the chart. This emotional mismatch actually tends to push the market up.
It has clearly strengthened here.
But after taking profits, you must not act recklessly. Futures trading is not about who shouts the loudest, but who can hold onto their gains. I will take profits in a 70:30 split, first take a portion, then set a trailing stop for the remainder to give it room to extend.
Now don't chase the trade, wait for a pullback confirmation, opportunities will come again.
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