XAUUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24

XAUUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24

From litefinance.org

Main scenario: Consider short positions from corrections below the level of 2792.90 with a target of 2418.82 – 2304.21. A sell signal: the price holds below 2792.90. Stop Loss: above 2800, Take Profit: 2418.82 – 2304.21. Alternative scenario: Breakout and consolidation above the level of 2792.90 will allow the asset to continue rising to the levels of 2880.00 – 3000.00. A buy signal: the level of 2792.90 is broken to the upside. Stop Loss: below 2785.00, Take Profit: 2880.00 – 3000.00. The fifth wave of larger degree 5 is presumably developing on the weekly chart, with wave (5) of 5 forming as its part. ... (full story)

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