XAU/USD: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 3,927.70 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 3,927.70. Stop Loss: below 3,860.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 3,927.70 will allow the asset to continue declining to the levels of 3,290.55–2,945.80. A sell signal: the level of 3,927.70 is broken to the downside. Stop Loss: above 3,995.00, Take Profit: 3,290.5