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meszaros
Jan 20, 2020 1:52 PM

XAUUSD before another 13% rise. Long

GoldOANDA

Description

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
Comments
mikeUkTrading
Does any one looking towards price push back to 1538 USD to achieve second bottom, before rise?
meszaros
@mike1244321, The rise in gold is very weak. In such cases, it may suddenly fall. Technically imaginable.
arsal
@meszaros, hi,

In this case what should be the stop loss?
meszaros

In this case, we can count on H4 ATR. This value produces a level of 1508.85usd.
HERM3X1
@mike1244321 3points shy. Well done
meszaros
@HERM3X1, 👍😉💰
XianVisda
Do you guys think it will come down to 1560 first then bull this week?..
mikeUkTrading
Does anyone looking towards overbuying momentum on 1610 USD resistance lvl ? Reapeted stock situation on 07"01"20 ?
meszaros
@mike1244321, We are not yet waiting for usd 1610 usd. Lots of data coming up there. These, if we are there, I will analyze and see further movements.
mikeUkTrading
Is there up side down H&S with rise launching at 1551 USD ? Second bottom 1538 USD not reachable, so far..
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