RSS XAUUSD: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

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 RSS XAUUSD: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

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Major Takeaways Main scenario: Consider short positions from corrections below the level of 2728.40 with a target of 2418.82 – 2304.21. A sell signal: the price holds below 2728.40. Stop Loss: above 2735, Take Profit: 2418.82 – 2304.21. Alternative scenario: Breakout and consolidation above the level of 2728.40. will allow the asset to continue rising to the levels of 2792.47 – 2880.00. A buy signal: the level of 2728.40 is broken to the upside. Stop Loss: below 2720.00, Take Profit: 2792.47 – 2880.00. Main Scenario Consider short positions from corrections below the level of 2728.40 with a target of 2418.82... Read full author’s opinion and review in blog of #LiteFinance
 
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