XAU/EUR Trading Analysis (19/06/2024)

The rising wave structure is truncated. The entry point is forming at the pullback B and the truncated C. There is a bearish divergence on the Awesome Oscillator and a bearish divergence on the Stochastic Oscillator.

Trading idea:

Buy at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.

Stop-loss below the local maximum of the ascending structure.

Price targets at 2152.0 and 2139.0.

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