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XAU/USD: Elliott Wave Analysis and Forecast for 27.02.26–06.03.26
Main scenario: Consider long positions from corrections above the level of 4,840.00 with a target of 6,000.00–6,500.00. A buy signal: the price holds above 4,840.00. Stop Loss: below 4,840.00, Take Profit: 6,000.00–6,500.00. Alternative scenario: Breakout and consolidation below the level of 4,840.00 will allow the asset to continue declining to the levels of 4,405.00–4,025.00. A sell signal: the level of 4,840.00 is broken to the downside. Stop Loss: above 4,840.00, Take Profit: 4,405.00–4,025.00. An ascending fifth wave of larger degree 5 is presumably developing on the weekly chart, with wave (3) of 5 ... (full story)
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