XAU/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26

Major Takeaways Main scenario: Consider long positions from corrections above 4,372.95 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,372.95. Stop Loss: below 4,300.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,372.95 will allow the asset to continue declining to the levels of 4,075.30–3,718.62. A sell signal: the level of 4,372.95 is broken to the downside. Stop Loss: above 4,450.00, Take Profit: 4,075.3