It is currently forming a head and shoulders pattern and in that right shoulder is being formed. In 2 hour time frame the triangle has created.
In one hour time frame XAUUSD has created double bottom. I suggest buy for the short term trader at current level. Target you can shat on basis of your view.
Keeping Stoploss 1.20750 below First target 1.23587 and 1.24686
My Target Will trigger soon. Checm my pass uploaded chart.