Take care of XAU/USD. Yield 43’393,00%.
A protracted place on the XAU/USD instrument with a quantity of 0.03 lot at a quote of 1988.71, opened on 10/20/2023 on the “costforecast” account, was closed on 12/04/2023 at a quote of 2137.78 with a pointy explosive improve in gold quotes (Fig. 11-1).
The sharp development gave solution to an equally sharp fall, and when the extent reached $2108.65 per ounce, an extended place with a quantity of 0.06 lot was opened.
The acquisition resolution was primarily based on the idea that on the time interval (11/29/2023_00:00; 11/30/2023_16:00) the fashioned fractal F№23, which is indicated in pink, represents the 2nd section of the forming fractal of 1 greater order, indicated in blue shade (Fig. 11-2). Furthermore, the first section of the blue fractal was fashioned on the time interval (11/13/2023_04:00; 11/29/2023_00:00).
The formation of a blue fractal is predicated on the idea that within the time interval (10/27/2023_20:00; 11/13/2023_04:00) a fractal of a better order was fashioned, which is indicated in purple on the graph.
Closing the day on 12/04/2023 confirmed that the pink fractal on the time interval (11/29/2023_03:00; 11/30/2023_15:00) can’t be the 2nd section of the blue fractal (Fig. 11-3).
The present fractal construction of the chart on the finish of the buying and selling day nonetheless means that the dynamics of gold quotes takes place inside the framework of the formation of a blue fractal.
The idea can be appropriate if the expansion of gold costs continues with the replace of the utmost indicated on the chart.
Opening an extended place after a pointy rise in quotes is all the time related to excessive threat (Fig. 11-4), however the image of the worldwide fractal construction of the chart permits us to just accept this threat and count on the continuation of the upward pattern.
