I spotted a nice triangle forming on the top of XAUUSD. This triangle is an ascending triangle which indicates buyers in control as they are willing to buy in a higher price each time it retrace. Resistance has already been broken with a solid close, so this downwards movement is only a retest in my opinion.
Triangle pattern usually occurs on the 4th wave of Elliott Wave, so we will assume this 4th wave is now finished. It will be followed by upwards movement which is the 5th wave.
Buy XAUUSD 1970 Stop loss 1958 Take profit 1 @1982 Take profit 2 @1994 Take profit 3 2006 Take profit 4 2017
Good Luck
Disclaimer : I am buying xauusd from 1975
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TP 2 already hit and i am booking partial profit on XAUUSD