XAU/USD Trading Analysis (26/07/2024)
The trend is ascending. The downward wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the breach of 2380.00
- Stop-loss at 2352.50.
- Price targets at 2411.90 and 2480.00.
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