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meszaros
Feb 19, 2020 9:32 PM

The XAUUSD rise continues.Β Long

GoldOANDA

Description

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The XAUUSD rise continues.
My previous analysis was based on the fractal rule that if the exchange rate was around 50% D1ATR North, assumes a strong upward trend. Let us turn to the current analysis. Let's start with the yellow rectangles. The wave sequences shown in these are accumulation fractals. The yellow arrow below them indicates that they are the same size. In other words, purchases of similar size were made at these stages. Now, let's jump on the white rectangles. The dimensions of these are based on moving averages (50,200) based on moving averages at a given point. Why this data is important. Because it shows volatility. It can be seen that, with the same accumulation, the size of the "underlying volatility" is the same. Consequently, the rising fractal in the green rectangle will be the same. So what are the two target prices? Well, the nearest 1659.31usd is the sum of the so-called extreme value ATR and the ATR closing value at the same point. This is only important for money management. So our target price is 1691usd.
Comments
pakamisamgcini
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Hands down great analysis great resultπŸ”₯
meszaros
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@pakamisamgcini, Thank you very much.
dar-el
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Amazing. Good job!
meszaros
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@dar-el, Thank you very much. πŸ‘πŸ˜Š
XAU3000
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As always.. fantastic summary!
meszaros
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@XAU3000, I think you chose a good nick name. I agree with you.
Shibuia
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Outstanding analysis! Thank you and pls continue!
meszaros
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@Shibuia, Thank you very much.
mikeUkTrading
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Whatch out for price correction on XAU. One more spike soon after this gives chance to pater reapet; take a look for previous one.
meszaros
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@mike1244321, I'm not buying a correction in gold. Very bullish now.
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