GOLD (XAUUSD) | The direction of gold movement🏹
Hello traders, Gold In the daily time frame, it is not yet clear whether the 4 gold wave is zigzag or flat.
Currently, the price is on the support of the trend line and it is more likely to rise due to the correction of the dollar index , but if the price moves up, we know that it is flat (green probability), but if the trend line is down. To break it must be considered a zigzag that the c wave forms a diagonal triangle and will eventually go up to the price of 1520 (red probability).
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Currently, the price is on the support of the trend line and it is more likely to rise due to the correction of the dollar index , but if the price moves up, we know that it is flat (green probability), but if the trend line is down. To break it must be considered a zigzag that the c wave forms a diagonal triangle and will eventually go up to the price of 1520 (red probability).
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️