Gold fractal movement
Hello fellow trader,
In my previous gold long-term chart (attached below), I pointed out that the trend is likely to follow a parabolic curve (orange).
Since then the price has been printing a fractal movement(colored shapes), which fortifies the previous technical analysis.
As you may see, even the marked volume profile assembles self similarity.
The actual target of the oncoming movement might be a bit lower than the one I projected within the chart.
Trade safe
Nik
In my previous gold long-term chart (attached below), I pointed out that the trend is likely to follow a parabolic curve (orange).
Since then the price has been printing a fractal movement(colored shapes), which fortifies the previous technical analysis.
As you may see, even the marked volume profile assembles self similarity.
The actual target of the oncoming movement might be a bit lower than the one I projected within the chart.
Trade safe
Nik
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.