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XAU/USD: Elliott Wave Analysis and Forecast for 01.08.25 – 08.08.25
Main scenario: Consider short positions from corrections below the level of 3442.25 with a target of 3120.00 – 2950.00. A sell signal: the price holds below 3442.25. Stop Loss: above 3475.00, Take Profit: 3120.00 – 2950.00. Alternative scenario: Breakout and consolidation above the level of 3442.25 will allow XAU/USD to continue rising to the levels of 3600.00 – 3800.00. A buy signal: the level of 3442.25 is broken to the upside. Stop Loss: below 3405.00, Take Profit: 3600.00 – 3800.00. An ascending fifth wave of larger degree 5 is presumably developing on the weekly chart, with wave (3) of 5 forming as its ... (full story)
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Aug 1, 2025 11:30am
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