XAUUSD: Elliott wave research and forecast for 22.11.24 – 29.11.24
The item covers the next topics:
Primary Takeaways
- Primary state of affairs: Imagine quick positions from corrections under the extent of 2792.90 with a goal of 2418.82 – 2304.21. A promote sign: the cost holds under 2792.90. Prevent Loss: above 2800, Take Benefit: 2418.82 – 2304.21.
- Selection state of affairs: Breakout and consolidation above the extent of 2792.90 will permit the asset to proceed emerging to the degrees of 2880.00 – 3000.00. A purchase sign: the extent of 2792.90 is damaged to the upside. Prevent Loss: under 2785.00, Take Benefit: 2880.00 – 3000.00.
Primary State of affairs
Imagine quick positions from corrections under the extent of 2792.90 with a goal of 2418.82 – 2304.21.
Selection State of affairs
Breakout and consolidation above the extent of 2792.90 will permit the pair to proceed emerging to the degrees of 2880.00 – 3000.00.
Research
The 5th wave of bigger stage 5 is probably growing at the weekly chart, with wave (5) of five forming as its section. It sounds as if, the 3rd wave 3 of (5) is shaped at the day-to-day chart, and a downward correction is growing because the fourth wave 4 of (5). Wave a of four is shaped at the H4 chart, and a neighborhood correction is growing as wave b of four. If the presumption is proper, the XAUUSD pair will proceed falling to 2418.82 – 2304.21 after the correction is over. The extent of 2792.90 is important on this state of affairs as a breakout will allow the pair to proceed emerging to the degrees of 2880.00 – 3000.00.
Worth chart of XAUUSD in actual time mode
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