Home About the company Daily reviews XAU/USD Trading Analysis (13/12/2023)

XAU/USD Trading Analysis (13/12/2023)

The trend is ascending. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

XAU/USD chart as of 13/12/2023 with technical indicators

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward structure.

Stop-Loss under the local minimum, and mind the filter at 20 points

Target price levels at 2007.00 and 2040.00

#xauusd #gold #metalstrading #tradingstrategies #tradingmt5

Author: GC
Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

Review topic

All Fundamental reviews Market news Premarkets Technical reviews
Log in Registration

Don't have your language?