XAU/USD Trading Analysis (10/07/2025)

The trend is descending. The gold is trading in a range between 365 and 135 ЕМАs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trade idea:

• Sell at the beginning of the formation of the downward wave structure, when the wave A breaches the sloping channel of the ascending truncated structure.
• Stop-loss below the local minimum of the ascending structure at 3329.00.
• Price targets are 3308.00 and 3292.00.

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