XAU/USD: Elliott Wave Analysis and Forecast for 09.05.25 – 16.05.25
Major TakeawaysMain scenario: Consider long positions from corrections above the level of 3189.35 with a target of 3800.00 – 4200.00. A buy signal: the price holds above 3189.35. Stop Loss: below 3150.00, Take Profit: 3800.00 – 4200.00.Alternative scenario: Breakout and consolidation below the level of 3189.35 will allow the XAU/USD pair to continue declining to the levels of 2574.07 – 2277.38. A sell signal: the level of 3189.35 is broken to the downside. Stop Loss: above 3220