XAU/USD: Elliott Wave Analysis and Forecast for 07.03.25 – 14.03.25

Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 2583.80 with a target of 3100.00 – 3300.00. A buy signal: the price holds above 2583.80. Stop Loss: below 2550.00, Take Profit: 3100.00 – 3300.00. Alternative scenario: Breakout and consolidation below the level of 2583.80 will allow the pair to continue declining to the levels of 2370.00 – 2078.42. A sell signal: the level of 2583.80 is broken to the downside. Stop Loss: above 2