The XAUUSD rise continues.
My previous analysis was based on the fractal rule that if the exchange rate was around 50% D1ATR North, assumes a strong upward trend. Let us turn to the current analysis. Let's start with the yellow rectangles. The wave sequences shown in these are accumulation fractals. The yellow arrow below them indicates that they are the same size. In other words, purchases of similar size were made at these stages. Now, let's jump on the white rectangles. The dimensions of these are based on moving averages (50,200) based on moving averages at a given point. Why this data is important. Because it shows volatility. It can be seen that, with the same accumulation, the size of the "underlying volatility" is the same. Consequently, the rising fractal in the green rectangle will be the same. So what are the two target prices? Well, the nearest 1659.31usd is the sum of the so-called extreme value ATR and the ATR closing value at the same point. This is only important for money management. So our target price is 1691usd.
