It's pretty clear that we have a correction playing out here. Waves 'a' and 'b' have already been put in.
This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920 level.
However, there is also the possibility that wave 'c' will extend further with a potential lesser degree in play. This could bring XAUUSD to a lower level around 1670-1720.
Simply staying aware of where price could likely be heading to. Awareness is key.
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Trade safe and always remember to plan your trade and trade your plan!
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.