XAU/USD: Elliott Wave Analysis and Forecast for 25.09.26–02.10.26

Major Takeaways Main scenario: Consider long positions from corrections above 3,960.00 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 3,960.00. Stop Loss: below 3,890.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 3,960.00 will allow the asset to continue declining to the levels of 3,720.00–3,290.62. A sell signal: the level of 3,960.00 is broken to the downside. Stop Loss: above 4,030.00, Take Profit: 3,720.0