XAU/EUR Trading Analysis (30/05/2024)

The trend is ascending. The gold is traded in the range between 365 and 135 ЕМА. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 2149.00.

Target price levels at 2190.00 and 2240.00.

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