meszaros
Long

XAUUSD Last Accumulation Fractal Copy...

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The analysis shows that gold may be ahead of a sustained rise. The last accumulation fractal is copied (blue field). Therefore, I assume that within a week, the exchange rate may move towards a more permanent upward trend. The figure also shows another important detail. The current accumulation fractal has twice the amplitude as the copied original fractal . From this it can be concluded that the rising fractal responding to this can be up to twice the previous one. But let's not run that far. The figure clearly shows that there are two target prices. I am currently counting on a target price of 1650 usd.
Really useful information. I have watched XAU/USD and it has very weird movement. I am looking to place long term investment. In your opinion is it going to drop down or is this the last train to get onto?
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meszaros DamianGilecki
@DamianGilecki, Thanks for the comment. As a long-term investment, it won't be a problem. My opinion is that gold mine companies can go even bigger. Therefore, it is advisable to look at some gold mine stocks as well.
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Do you recon this will go a lot higher tonight buddy ?
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meszaros paulidealhotel
@paulidealhotel, I'm not expecting any more movement tonight.
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@meszaros, do you recon it’s worth staying in on buy or drop out ? I’m thinking to stay in as it still looks good for going higher
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meszaros paulidealhotel
@paulidealhotel,
You can wait. In the figure, observe the chart in the blue rectangle and the two axes above them. The distance between the two axes shows the maximum displacement calculated from the daily ATR. It's so low because the two axes are close together. I'm assuming there won't be more movement until tomorrow night. So tomorrow I have the opportunity all day to take up a position.
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Good chart! Thanks
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@Ginebra, Thank you very much.
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