XAU/USD: Elliott wave analysis and forecast for 11.10.24 – 18.10.24

Highlights and key points Main scenario: consider long positions from corrections above the level of 2468.30 with a target of 2800.00 – 3000.00. A buy signal: if the price holds above 2468.30. Stop Loss: below 2450.00, Take Profit: 2800.00 – 3000.00. Alternative scenario: breakout and consolidation below the level of 2468.30 will allow the pair to continue declining to the levels of 2356.76 – 2270.74. A sell signal: once the level of 2468.30 is broken to the downside. Stop Loss