XAUUSD next rise...

OANDA:XAUUSD   Gold Spot / U.S. Dollar
My analysis is a continuation of the previous one. In this analysis, I note that the exchange rate has created a "spike area" (red rectangle ). The bottom of this area is around 1462 usd levels. Further increases are more likely. But the likelihood of turning north from this area is also increasing. Therefore, it is advisable to keep this in mind when placing stop orders and positioning. I raised the target price to US $ 1640. This is due to increased ATR during the accumulation phase.
All systems are go!
meszaros Captain_Walker
@Captain_Walker, Very good analysis. What I particularly like about it is that you use wave theories and ATR theory. Our analytics system will slowly become the same. :)
@meszaros, Many thanks. I think different methodologies can complement each other. My dream is that one day a handful of traders (no more than 5) can co-ordinate and collaborate on the highest value trade set ups from using different forms of analysis. A 'fusion' of these analytical approaches will better give the best probabilities - beating all computers out there! But that's only a dream.

It's rather sad though, that my experience on Tradingview is that most traders on do not 'tolerate' different perspectives or methodologies. This is not a complaint - but shared experience.

In the last few months I've been contacted by various people, with an agenda to get me signed up to various websites and services. In other instances I've had invitations for trading 'likes' on posts.

I think your and my interactions on Tradingview have been pretty unique. We don't even know each other by true names - and I do not share with anyone anything about my background (preferring to be 'nobody'). That's worked out very well because on quite a few occasions we arrive to similar conclusions from different approaches. We respect and accommodate different perspectives based purely on the analyses. It doesn't matter who we are in real life.

In fact I've learned a whole lot from you on your fractal based approaches. Sometimes your 'prediction's seem crazy - but then I see them coming through. So I happily eat humble pie and appreciate better your methodologies. 😀👍
Previous analysis :
TBalog meszaros
@meszaros, very professional and nice. Very structured and in real this should happen unless some politician or an influential person fake news a "world war". :)
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