XAU/USD: Elliott Wave Analysis and Forecast for 12.06.26–19.06.26

Major Takeaways Main scenario: Consider long positions from corrections above 4,030.85 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,030.85. Stop Loss: below 4,000.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,030.85 will allow the asset to continue declining to the levels of 3,718.62–3,290.55. A sell signal: the level of 4,030.85 is broken to the downside. Stop Loss: above 4,060.00, Take Profit: 3,718.6