XAU/USD Trading Analysis (13/12/2023)

The trend is ascending. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.



Trading idea:

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

Stop-Loss under the local minimum, and mind the filter at 20 points

Target price levels at 2007.00 and 2040.00

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