XAU/USD: Elliott wave analysis and forecast for 20.09.24 – 27.09.24

Highlights and key points Main scenario: consider long positions from corrections above the level of 2472.80 with a growth target of 2700.00 – 2800.00. A buy signal: if the price holds above 2472.80. Stop Loss: below 2472.80, Take Profit: 2700.00 – 2800.00. Alternative scenario: breakout and consolidation below the level of 2472.80 will allow the pair to continue declining to the levels of 2356.78 – 2292.30. A sell signal: once the level of 2472.80 is broken to the downside. St