Gold vs US Dollar

Gold vs US Dollar
#XAUUSD

The trend is upward. Gold is trading between the 365 and 135 EMA. The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trade Idea:
Buy upon the formation of an ascending wave structure, where wave (A) breaks the trendline of the descending truncated structure.

Stop Loss — below the local low of the descending structure.
Target levels — 4096.00; 4209.00.