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XAU/USD: Elliott Wave Analysis and Forecast for 20.03.26–27.03.26
Main scenario: Once the correction ends, consider long positions above 4,081.50 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,081.50. Stop Loss: below 4,081.50, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,081.50 will allow the asset to continue declining to the levels of 3,718.62–3,270.00. A sell signal: the level of 4,081.50 is broken to the downside. Stop Loss: above 4,081.50, Take Profit: 3,718.62–3,270.00. An ascending fifth wave of larger degree 5 is presumably developing on the weekly chart, with wave (3) of 5 forming as its part. ... (full story)
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- Mar 20, 2026 5:16am Posted byTechnical Analysis240
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