XAUUSD: Elliott wave analysis and forecast for 07.06.24 – 14.06.24

Main scenario: consider long positions from corrections above the level of 2310.36 with a target of 2500.00 – 2560.00.Alternative scenario: breakout and consolidation below the level of 2310.36 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.Analysis: the fifth wave of larger degree (5) is forming on the daily chart, with wave 3 of (5) unfolding as its part. Apparently, the third wave of smaller degree iii of 3 is forming on the H4 time frame, with wave (