XAUUSD: the direction/trend is recovering

Last time, ee expected profits of 50dollars, but the market dropped 150dollars at most, which is way much more than we expected.
However, we can ONLY earn the profits within our knowledge and capability, dont be greedy.

Previous analysis:
XAUUSD: A perfect 65dollars gained from the "jump then fall"



By current pattern/waves, we have reasons to expect another big move coming. And now we need to be patient with the market, can wait for a proper "cheap" price to buy, which is the trend following strategy. \

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!
Beyond Technical AnalysisChart PatternsWave Analysis

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