11.06.2024
The trend is ascending. The downward wave structure is truncated. Bears have tested the mirror level of 29.00. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone.
Trading idea:
Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
Stop-Loss under the local minimum of the downward structure at 29.00.
Target price levels at 30.20 and 31.50.
#xagusd #gold #metalstrading #tradingstrategies #tradingmt5
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