XAU/USD: Elliott Wave Analysis and Forecast for 18.04.25 – 25.04.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 2955.00 with a target of 3500.00 – 3800.00. A buy signal: the price holds above 2955.00. Stop Loss: below 2920.00, Take Profit: 3500.00 – 3800.00. Alternative scenario: Breakout and consolidation below the level of 2955.00 will allow the pair to continue declining to the levels of 2574.07 – 2277.38. A sell signal: the level of 2955.00 is broken to the downside. Stop Loss: above 2990, Take