meszaros
Long

XAUUSD fractal sequence...

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I assume the exchange is building a fractal sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel . In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see that you are making a regular turn. In this case, the exchange rate is at the beginning of the rise. Taking a long position from this level may seem like a good idea.
A little early but probably correct nonetheless.
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