meszaros

XAUUSD before another 13% rise.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD before another 13% rise. If you look at the analysis, you can see that the gold exchange rate is going through a "fractal evolution". Where the second fractal structure equals 2x the original fractal structure. This is explained by the ratio of the white rectangles below. However, the underlying ATRs that support exchange rate movements are 2x. The current fractal wave sequence follows this acceleration linearly. If the analysis is correct and the copy continues under current rules, you can build an increase of nearly 13%. The target price for a rising wave sequence is 1774usd

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