XAU/USD: Elliott wave analysis and forecast for 04.04.25 – 11.04.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider short positions from corrections below the level of 3167.80 with a target of 2830.61 – 2574.07. A sell signal: the level of 3167.80 is broken to the downside. Stop Loss: above 3185, Take Profit: 2830.61 – 2574.07.
- Alternative scenario: Breakout and consolidation above the level of 3167.80 will allow the asset to continue rising to the levels of 3300.00 – 3500.00. A buy signal: the level of 3167.80 is broken to the upside. Stop Loss: below 3150.00, Take Profit: 3300.00 – 3500.00.
Main Scenario
Consider short positions from corrections below the level of 3167.80 with a target of 2830.61 – 2574.07.
Alternative Scenario
Breakout and consolidation above the level of 3167.80 will allow the pair to continue rising to the levels of 3300.00 – 3500.00.
Analysis
The ascending fifth wave of larger degree (5) is presumably developing on the weekly chart, with wave 3 of (5) forming as its part. The third wave of smaller degree iii of 3 appears to have formed on the daily chart, with wave (v) of iii completed as its part. On the H4 time frame, a downward correction has presumably started developing in the form of the fourth wave iv of 3, within which wave (a) of iv is unfolding. If the presumption is correct, the XAU/USD pair will continue to drop to the levels of 2830.61 – 2574.07. The level of 3167.80 is critical in this scenario, as a breakout will enable the pair to continue rising to the levels of 3300.00 – 3500.00.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of XAUUSD in real time mode
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