XAU/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

Major Takeaways Main scenario: Consider long positions from corrections above 4,315.60 with a target of 4,900.00–5,610.00. A buy signal: the local correction ends and the price settles above 4,315.60. Stop Loss: below 4,245.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,315.60 will allow the asset to continue declining to the levels of 4,003.25–3,720.00. A sell signal: the level of 4,315.60 is broken to the downside. Stop Loss: abov