XAU/EUR Trading Analysis (03/09/2024)
The trend is ascending. The gold is trading in the range between 365 and 135 EMA. The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the breach of 2258.70.
- Stop-loss at 2250.44.
- Price targets at 2267.50 and 2280.00.
#xaueur #gold #metalstrading #tradingstrategies #tradingmt5
