On the 4hr you could see that wave C is in progress. On the daily gold is currently busy with a Wave 5. Once Wave C is finish on 4hr we might get a movement up . Wave ABC on the 4hr is a pullback on the daily.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.