XAUUSD: Elliott Wave Analysis and Forecast for 23.10.26–30.10.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 4,692.78 with a target of 3,593.00–3,127.70. A sell signal: the price holds below 4,692.78. Stop Loss: above 4,760.00, Take Profit: 3,593.00–3,127.70. Alternative scenario: Breakout and consolidation above the level of 4,692.78 will allow the asset to continue rising to the levels of 4,900.00–5,610.00. A buy signal: the level of 4,692.78 is broken to the upside. Stop Loss: below 4,625.00, Take Profi