GOLD analysis 14.01.2020

The general trend is upward. Gold is trading in the range of 365 and 135 moving averages. A descending truncated pattern of the H2 level has formed. Bullish divergence was formed on Awesome Oscillator indicator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (as) breaks through the inclined channel of the descending truncated pattern of the H2 level.

Stop Loss under the minimum truncated pattern.