meszaros
Long

XAUUSD before 5.7% rise...

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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According to the analysis, a rising fractal wave with a one percent movement begins to develop. If you look at the wave system indicated by blue rectangles, you can see that the percentage of correction waves in your surroundings is the same. The percentage should be used because the vertical scale is logarithmic. Therefore, it is not possible to determine the structure of waves by distance measurements. In the event that this rule continues, the gold reaches the next target price after some sideways. This can be 1410 usd levels.
Trade closed: target reached
spot on!
Can you direct me to learn about fractals?
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meszaros kryptochristo
@kryptochristo, Yes. Look forward to your question.
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@meszaros, thank you, but I mean, where can I learn more about it, once I start to understand, the quetions will come ;-)
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meszaros kryptochristo
@kryptochristo, This is a very good article on stock market fractals.
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@meszaros, Thank you, kind Sir!
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meszaros kryptochristo
@kryptochristo, Thank you for the comment, good luck.
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nice call
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meszaros shamvisavadia
@shamvisavadia, Thank you very much :)
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