XAUUSD - Fractal Effect

That fractal repeat 2 times before, at 1980-2007 and 1996-2004.

Stage of fractal:

1-) Cup formation.

2-) A bottom under fibo level 1 (yellow box)

3-) Support from indicator trendline.

4-) And go to target price

Minimum bottom level obtained as a result of calculations with EMA(more or less)= 1744$

Target Price = 2905