YOU HAVE TO WAIT FOR THE H1ATR50% AXIS TO MOVE UP:

XAUUSD before an increase of 4.24%. In my analysis, the XAUUSD is in front of an intersection of a D1ATR axis. First wave sequence bounced back. We can see the correction of the second momentum motion. I assume this wave sequence will be strong enough to cross the D1ATR axis. But there is one condition. The price movement is currently on the 50% axis of the H1ATR. In the event that gold turns strong north of the axis, an upward eruption and the construction of a longer rising wave system is expected. In this case, the target price of the rising wave is 1976.65usd. BUT I REPEAT YOU HAVE TO WAIT FOR THE H1ATR50% AXIS TO MOVE UP: