Gold vs US Dollar

Gold vs US Dollar
#XAUUSD

The trend is bullish. Gold is trading between the 365 and 135 EMA. The descending wave structures are truncated. On the Awesome Oscillator, there is a bullish divergence, and the Stochastic Oscillator indicates oversold conditions.

Trade idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks the descending truncated channel.

Stop Loss — below the local low of the descending structure (3341.00).
Target levels — 3379.00; 3400.00.