XAU/USD Trading Analysis (20/06/2025)
The trend is up. Gold is trading within a range of 365 and 135 EMAs. The bearish wave structure has been truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the ascending wave formation when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss under the local minimum of the descending structure at 3341.20.
- Price targets are 3397.00 and 3450.50.
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