XAU/USD: Elliott Wave Analysis and Forecast for 30.01.26–06.02.26

Major Takeaways Main scenario: Once the correction ends, consider long positions above 4,930.32 with a target of 6,000.00–6,500.00. A buy signal: the price holds above 4,930.32. Stop Loss: below 4,930.32, Take Profit: 6,000.00–6,500.00. Alternative scenario: Breakout and consolidation below 4,930.32 will allow the asset to continue declining to the levels of 4,532.28–4,283.50. A sell signal: the level of 4,930.32 is broken to the downside. Stop Loss: above 4,930.32, Take Profit