JasonSong

XAUUSD: protect 120dollars profits and awaiting retracement

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Previous analysis suggested a buy order, 120dollars profits floating now.



Currently the BIAS is 3~4.5 times higher than before, we're not 100% sure of this potential top will be formed or not, but closing buy orders from 1858 is the priority now.

The uptrend @ Day chart is still valid, but the market NEEDs to seek supports, so a retracement is coming and will come.


TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.

THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!

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nice !check mine
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