Symmetrical triangle forming on the XAUUSD chart. Once price reaches the top of the channel (Yellow Line) a breakout scenario may play out if there is enough volume in the market. Vice versa if price rejects we could retest the bottom of the channel to continue lower.
Price is currently at a strong daily support.
If price hits TP1 I will look to secure 80% of my position, put stops at break even then let the profits run to TP2 where I will close out fully.