How to Use Zigzag Indicator for Gold Trading (XAUUSD)

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The Zigzag indicator is one of the most underrated tools for gold trading. Here is how I use it on MT4.

What is the Zigzag Indicator?

The Zigzag indicator filters out market noise by showing significant price movements only.

How to Add Zigzag to MT4

  1. Open MT4
  2. Click Insert – Indicators – Custom – ZigZag
  3. Settings: Depth 12, Deviation 5, Backstep 3

My Trading Strategy

Step 1: Identify trend (higher highs = uptrend)

Step 2: Wait for pullback to swing level

Step 3: Enter with candlestick confirmation

Step 4: Stop loss below swing, TP at next swing

Best Broker for Gold

I recommend Exness – tight spreads, fast execution, MT4 support.

Trading involves risk.

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