XAU/USD: Elliott Wave Analysis and Forecast for 28.03.25 – 04.04.25

From litefinance.org

Main scenario: Consider long positions from corrections above the level of 2993.10 with a target of 3200.00 – 3500.00. A buy signal: the price holds above 2993.10. Stop Loss: below 2950.00, Take Profit: 3200.00 – 3500.00. Alternative scenario: Breakout and consolidation below the level of 2993.10 will allow the pair to continue declining to the levels of 2830.61 – 2574.07. A sell signal: the level of 2993.10 is broken to the downside. Stop Loss: above 3030.00, Take Profit: 2830.61 – 2574.07. The fifth ascending wave of larger degree (5) is presumably developing on the daily chart, with wave 3 of (5) forming ... (full story)