XAU/USD: Elliott Wave Analysis and Forecast for 24.01.25 – 31.01.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 2576.36 with a target of 2880.00 – 3000.00. A buy signal: the price holds above 2576.36. Stop Loss: below 2560.00, Take Profit: 2880.00 – 3000.00. Alternative scenario: Breakout and consolidation below the level of 2576.36 will allow the pair to continue declining to the levels of 2464.30 – 2282.23. A sell signal: the level of 2576.36 is broken to the downside. Stop Loss: above 2590, Take