I have been studying the XAUUSD charts recently and wanted to...

I have been studying the XAUUSD charts recently and wanted to share some findings with those interested. This is not about predicting where the price will be going (although I do have listed my current price target in mind) but it is more about sharing a very interesting trend line pattern that has been repeating since the year 2000.

There is only 1 green trend line in my chart, the others are all clones. They fit the trading pattern of the last 20 years to a tee. I have still a lot more work to do to be able to use these levels effectively but nevertheless I think I have figured out the "algo's" trading program. Add to this some fibs, MA's and whatever indicators you like and I think it could be a pretty effective tool to determine price levels.

Here's the weekly (look's very messy lol):



Here's a 4 Hourly to better see the trend angle:



And finally a zoomed in version, the price bounces on these lines to a tee for the last 20 years.



Anyway, just something that I thought was very interesting and might help someone out there