XAU/USD: Elliott Wave Analysis and Forecast for 10.07.26–17.07.26

Major Takeaways Main scenario: Consider long positions from corrections above 4,012.50 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,012.50. Stop Loss: below 3,945.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,012.50 will allow the asset to continue declining to the levels of 3,720.00–3,290.55. A sell signal: the level of 4,012.50 is broken to the downside. Stop Loss: above 4,080.00, Take Profit: 3,720.0