Trading plan for Gold vs US Dollar (XAUUSD)

Gold vs US Dollar
#XAUUSD

The trend is upward. Gold is trading within the range of the 365 and 135 EMA. The downward wave structure is truncated.
On the Awesome Oscillator, a bullish divergence is observed, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:
Enter a buy position upon the formation of an upward wave structure, where wave (A) breaks through the downward truncated channel.

Stop Loss: below the local low of the descending structure (3951.50).
Target levels: 4138.50 and 4372.00.