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Gold goes sideways in zigzags

Timeframe: 4H

This option was reviewed last month as part of a free update: vk.com/wall-124328009_21073. And, as mentioned, most likely, this is a triangle within the wave [b]… In addition to the triangle, other shapes are possible, especially from the zigzag family.

Unfortunately, almost all my longs from the month before last were knocked out in breakeven. From last month, longs are now in the red. Stop loss for them coincides with the triangle cancellation level. If we have a zigzag, then I will re-enter the buy stop order for the breakout of the correction channel upwards.


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