XAU/USD: Elliott Wave Analysis and Forecast for 04.04.25 – 11.04.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 3167.80 with a target of 2830.61 – 2574.07. A sell signal: the level of 3167.80 is broken to the downside. Stop Loss: above 3185, Take Profit: 2830.61 – 2574.07. Alternative scenario: Breakout and consolidation above the level of 3167.80 will allow the asset to continue rising to the levels of 3300.00 – 3500.00. A buy signal: the level of 3167.80 is broken to the upside. Stop Loss: below