meszaros

XAUUSD Last Accumulation Fractal Copy...

Long
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.

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