meszaros

XAUUSD further rise.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD further rise. My starting point is that if the corrections are doubled (yellow rectangle) and during this time doubling within the ATR closures (white rectangle), the amplitude of the fractal wave sequence will also double. This is one of the most basic rules of fractal theory. If this theory continues, I do not expect any further reduction. Consequently, I am looking forward to the bottom of the falling level by 1566usd. I see a north turn from this level again. Based on previous analyzes, target prices already indicated.

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