XAUUSD before an exponential rise.

XAUUSD before an exponential rise. My analysis is intended for longer-term investors. I use a 3M timeframe. My aim is to draw attention to the fact that the gold movement has started its exponential rise. 3 analysis strategies are shown in the figure. What they have in common is that they are ATR based. 1. Green squares : I start from the ATR based rule that the size of the ATR of the previous wave sequence determines the size of the next wave sequence. The height of the green square is nothing more than the change in ATR of the 3 month time series. So over 4 years from 2007, gold has risen 181%. Then a correction followed until the first month of 2016. After that we entered another upward phase. From the analysis we can see that the current ATR phase has a 181% top at 2970 usd. This is the second target price of the currently rising gold curve. The blue square is also the result of an ATR based calculation. This is used to determine the first target price (intermediate target price) with the aim of realizing the first profit. Its level is 2360usd. These squares represent a symmetrical wave sequence with 3 months ATR distance. 3. grey square. This represents the distance gold will rise in 3 months with the current ATR. In the current case the 3MATR 50% line which is more significant. This is half of the aforementioned distance. Which, using the ATR math, means an outstanding support level. The exponential rise seen in the near future starts from this support level.
Conclusion. Gold has started an exponential rise. Two target prices can be used. First target price : 2360 usd. Second target price : 2970 usd Stop level : levels below 3MATR50%.