XAUUSD analysis

XAUUSD

The descending pattern of the H12 level is truncated. A Bullish divergence is formed on Awesome Oscillator, and Stochastic Oscillator signals oversold condition.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop Loss: 1784.0.

Target levels: 1875.0 (breakeven); 1950; 2012.0.