I assume the gold correction level is 1488 usd. This level was determined by ATR analysis. I assume that the mapping of the previous fractal may still be ongoing. In this case, the wave structure moves symmetrically to the formed axis when changing short-long positions to ATR (white dotted line). In this case, the exchange rate may turn north from the current level.
@Lee1335, About TP. The bottom blue rectangle in the figure indicates the distance between the 50-day average and the 200-day average. This data can be used to determine the rate of exchange rate movement. And what kind of rising force is pushing the exchange rate. Now you can see that the exchange rate is doubling. The upper blue rectangle is the exchange rate itself. We start from the basic theory that if a car does 50km per hour for 50km, then under the same conditions, 100km per hour would probably do 100km. Therefore, the target price is around 1653 usd. This basic assumption requires that the exchange rate remain in fractal movement.