XAU/USD: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26

Major Takeaways Main scenario: Consider long positions from corrections above 4,282.50 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,282.50. Stop Loss: below 4,215.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,282.50 will allow the asset to continue declining to the levels of 4,003.25–3,720.00. A sell signal: the level of 4,282.50 is broken to the downside. Stop Loss: above 4,350.00, Take Profit: 4,003.2