Cope with XAU/USD. Yield 21’887,33 %.
The dynamics of gold quotes for 12/08/2023 confirmed that within the fractal construction of the chart on the time interval (11/29/2023; 12/04/2023), the fractal indicated in pale pink can’t be thought-about because the 2nd phase of the blue fractal (Fig. 14-1). A continued decline in quotes might point out that the 2nd phase of the blue fractal continues to be being fashioned.
A protracted place on the XAU/USD instrument, which was opened on December 4, 2023 on the “costforecast” account with a quantity of 0.06 lot at a quote of 2108.65, was closed at a value of 2003.55. A change in worth of 4.98% introduced a lack of -645.17USD. The place was closed at $2003.55 per ounce as a result of excessive chance of continued decline in quotes, adopted by pressured closure of the place by way of a margin name if the worth drops beneath $2003.55 by one other $9.
Regardless of the decline in quotations, it’s too early to revise the beforehand made mannequin of the long run dynamics of gold quotations. The state of affairs during which a blue fractal ought to kind within the fractal construction nonetheless stays a precedence.
On this case, the belief that on the time interval (11/13/2023; 11/29/2023) the fractal indicated in inexperienced is the first phase of a fractal of 1 increased order of blue shade, implies the completion of the 2nd phase of this blue fractal at a stage not decrease than 1977 .39 {dollars} (P2=0.618*P1) (Fig. 14-2).
Bearing in mind this assumption, the 2nd phase of the blue fractal may be fashioned within the type of fractal F№12 (from the Niro Alphabet), which is indicated on the chart in brown with the parameters: P3=2*P1 and T3=1.382*T1.
After which, the expansion of quotes ought to proceed inside the framework of the formation of the third phase of the blue fractal, the completion of which is able to imply the completion of the first phase of the intense inexperienced fractal, which has an order of another, adopted by a corrective motion down and the formation of the 2nd phase of the intense inexperienced fractal with parameters: P2=0.382*P1 and T2=0.236*T1.
Based mostly on the worldwide fractal construction, dictating an upward development with rewriting of the maximums and bearing in mind the doable formation of a brown fractal F№22, the third phase of which is indicated by a dotted line as 3N, a choice was made instantly after closing a protracted place with a quantity of 0.06 lot instantly open a brand new lengthy place with a quantity of 0.01 lot at a value of $2003.81 per troy ounce (Fig. 14-3).
