FX.co ★ XAU/USD, GOLD

Hello traders! In the GOLD market, on the medium-term wave level of the H4 chart, a comprehensive multi-timeframe analysis indicates an increasing probability of a correction in the form of a double zigzag. This forecast takes into account Elliott Wave Theory (EWA), MACD signals, and the positioning of exponential moving averages (55, 89, 144). The scenario with a triangle remains valid until the price breaks the critical level of 4402.58.