2026.11.13 2026.11.13
XAU/USD: Elliott Wave Analysis and Forecast for 13.11.26–20.11.26

Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/

Major Takeaways

• Main scenario: Consider short positions from corrections below the level of 4,145.15 with a target of 3,593.00–3,127.70. A sell signal: the price holds below 4,145.15. Stop Loss: above 4,215.00, Take Profit: 3,593.00–3,127.70.
• Alternative scenario: Breakout and consolidation above the level of 4,145.15 will allow the asset to continue rising to the levels of 4,381.26–4,708.00. A buy signal: the level of 4,145.15 is broken to the upside. Stop Loss: below 4,075.00, Take Profit: 4,381.26–4,708.00.

Main Scenario

Consider short positions from corrections below the level of 4,145.15 with a target of 3,593.00–3,127.70.

Alternative Scenario

Breakout and consolidation above the level of 4,145.15 will allow the price to continue rising to the levels of 4,381.26–4,708.00.

Analysis

An ascending third wave of larger degree (3) has likely formed on the weekly chart, and a bearish correction is developing as the fourth wave (4). On the daily time frame, wave A of (4) has apparently formed, and a correction has been completed as wave B of (4). On the H4 time frame, wave C of (4) is developing. Within it, the first wave of smaller degree i of C has formed, a local correction has been completed as the second wave ii of C, and the third wave iii of C is developing. If the presumption is correct, XAU/USD will continue to decline to 3,593.00–3,127.70. The level of 4,145.15 is critical in this scenario as a breakout above it will enable the asset to continue rising to the levels of 4,381.26–4,708.00.

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