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
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
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