XAUUSD before an increase of 4.24%. In my analysis, the XAUUSD is in front of an intersection of a D1ATR axis. First wave sequence bounced back. We can see the correction of the second momentum motion. I assume this wave sequence will be strong enough to cross the D1ATR axis. But there is one condition. The price movement is currently on the 50% axis of the H1ATR. In the event that gold turns strong north of the axis, an upward eruption and the construction of a longer rising wave system is expected. In this case, the target price of the rising wave is 1976.65usd. BUT I REPEAT YOU HAVE TO WAIT FOR THE H1ATR50% AXIS TO MOVE UP:
as I am sure your aware I specialise in gold and you chart is very much level to my own
meszaros
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@JohnLiv, Thanks for the comment. Yes. Gold is now a heavy instrument. In recent days, he has been moved almost exclusively by his dollar side legs. Investors are now waiting. When the movement of the dollar stops, so does the movement of gold. But that may change in the near future.
JohnLiv
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@meszaros, I understand, my chart so you can cross analise