XAUUSD long

٢ ديسمبر ٢٠٢١

The red trendline is a relatively strong support. If this holds, this would mean that it's the end of wave 5 and we're due for the correction and hence TP 1 will be at A which is around 1809. TP2 will be at C at around 1829-1833 to retest the daily H&S pattern neckline. The remaining position's SL will then be shifted to either BE or to secure some profits in hopes of a new high at around either 1873 - 1900 range