XAU/EUR Analysis, Chart, and Trading Idea

Analytics for XAU/EUR Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels

The general trend is ascending. The descending wave structures are truncated. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure

Stop-Loss under the local minimum of the ascending structure (1807.00)

Target price levels: 1835.50, 1858.00

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