XAU/USD: Elliott Wave Analysis and Forecast for 23.05.25 – 30.05.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 3118.50 with a target of 3800.00 – 4200.00. A buy signal: the price holds above 3118.50. Stop Loss: below 3070.00, Take Profit: 3800.00 – 4200.00. Alternative scenario: Breakout and consolidation below the level of 3118.50 will allow the XAU/USD pair to continue declining to the levels of 2574.07 – 2277.38. A sell signal: the level of 3118.50 is broken to the downside. Stop Loss: above 31