XAU/USD: Elliott wave analysis and forecast for 05.07.24 – 12.07.24

1 min read

Key takeaways

Main scenario: consider long positions from a correction above the level of 2293.93 with a target of 2500.00 – 2560.00. A buy signal: after the level of 2293.93 is broken. Stop Loss: 2250.00, Take Profit: 2560.00.
Alternative scenario: breakout and consolidation below the level of 2293.93 will allow the pair to continue declining to the levels of 2218.46 – 2161.56. A sell signal: after the level of 2293.93 is broken. Stop Loss: 2330.00, Take Profit: 2161.56.

Main scenario

Consider long positions from a correction above the level of 2293.93 with a target of 2500.00 – 2560.00.

Alternative scenario… Read full author’s opinion and review in blog of #LiteFinance

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