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zAMAZlNGo

XAUUSD - Fractal Effect

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
zAMAZlNGo  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
7
0
trendanalysis chartpattern indicator
That fractal repeat 2 times before, at 1980-2007 and 1996-2004.

Stage of fractal:

1-) Cup formation.

2-) A bottom under fibo level 1 (yellow box)

3-) Support from indicator trendline.

4-) And go to target price

Minimum bottom level obtained as a result of calculations with EMA(more or less)= 1744$

Target Price = 2905
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