XAU/USD: Elliott Wave Analysis and Forecast for 07.08.26 – 14.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 4,115.00 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,115.00. Stop Loss: below 4,045.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below the level of 4,115.00 will allow the asset to continue declining to the levels of 3,720.00–3,290.55. A sell signal: the level of 4,115.00 is broken to the downside. Stop Loss: above 4,185.00, Take Pr