Gold Plunge! How it looked on the WiseElf Indicator

October 21, 2025, gold plunges.

The abnormal situation of long lines forming at gold dealer counters nationwide could be seen as a warning sign.

How it looked with the WiseElf indicator

Let’s use the WiseElf indicator on the dollar-denominated gold (XAUUSD) chart to assess its effectiveness during the plunge.

The green thick line displayed by the indicator indicates an uptrend, while the red thick line indicates a downtrend.

A change in trend is the opportunity to open a position.

① XAUUSD 5-minute chart

② XAUUSD 30-minute chart

This granularity may allow for more relaxed trading and fewer false trend reversals, making it easier to use.

③ XAUUSD 4-hour chart

Which brokers offer gold trading on MT4?

While it has been confirmed that Rakuten Securities allows trading, there seem to be a few other options as well. The following is from Grok's research

WiseElf Indicator

https://www.gogojungle.co.jp/tools/indicators/61570?via=search_product