meszaros

XAUUSD update for long term traders.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD update for long term traders. I'll be posting two updates these days. The present one is for long-term traders. Later. for shorter distances. Then let's start. We assume that the exchange rate response to accumulation fractals is the same for 2 periods. Currently, I assume that. With this rule system, we are not only looking at the shape of the fractal, but also the ratio of the accumulation fractal to the response fractal. If you look at the chart, you can see that, similarly, the recent accumulation of fractal is starting to grow. You can also see that the current accumulation fractal (red rectangle) has an amplitude of 2x the previous accumulation fractal. In conclusion, the amplitude of the currently emerging rising fractal (green) will be twice that of the previous accumulation fractal. If the analysis is correct, the long-term target price is 1970sd.

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