XAU/USD: Elliott Wave Analysis and Forecast for 11.04.25 – 18.04.25
Major Takeaways Main scenario: Consider long positions from corrections above the level of 2955.75 with a target of 3300.00 – 3500.00. A buy signal: the price holds above 2955.75. Stop Loss: below 2920.00, Take Profit: 3300.00 – 3500.00. Alternative scenario: Breakout and consolidation below the level of 2955.75 will allow the XAU/USD pair to continue declining to the levels of 2830.61 – 2574.07. A sell signal: the level of 2955.75 is broken to the downside. Stop Loss: above 29