The pair XAU/USD remains likely to grow. Estimated pivot point is at a level of 1561.76.
Main scenario: long positions should be considered from corrections above the level of 1561.76 with a target of 1710.00 – 1750.00.
Alternative scenario: breakout and consolidation below the level of 1561.76 will allow the pair to continue declining to the levels of 1450.91 – 1385.67.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/xauusd-elliott-wave-analysis-and-forecast-for-06032020---13032020/?uid=285861726&cid=58534