XAUUSD: Elliott wave analysis and forecast for 27.09.24 – 04.10.24

Highlights and key points Main scenario: consider long positions on corrections above the level of 2547.32 with a growth target of 2800.00 – 3000.00. A buy signal: if the price holds above 2547.32. Stop Loss: below 2500.00, Take Profit: 2800.00 – 3000.00. Alternative scenario: breakout and consolidation below the level of 2547.32 will allow the pair to continue declining to the levels of 2356.76 – 2143.24. A sell signal: once the level of 2547.32 is broken to the downside. Stop