JasonSong

XAUUSD: wave analysis for the following days

Short
JasonSong Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
1. Weekly Analysis:

An important projection of R/S, that's the reason we traded Wave A downward and Wave B upward days weeks ago.
Wave A: Wave B: Wave C: in formation, but the scale may be smaller than we expected considering Wave B has actually created a new high.

2. H4 Analysis:

Started to suggest short trades since last analysis, and this Wave B at W chart seems much stronger than we expected.

BUT once the market reached a former resistance and "time window" appears, a drop will come which will form the wave ABC we're expecting.

To put it it simple, I'm waiting for TOP PATTERNS to appear from 17th~21st April. That where and when will us set formal short orders.


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!
Comment:
top patterns appear:
Trade closed: target reached:
TP1 reached of 50+ dollars, expecting more but needs patience.
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