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Last week we took advantage of buy opportunities after a diagonal breakout, this week i see the market has formed a base channel which now only gives sell opportunities. Should the market break above the channel ill consider going long.
Do not buy as yet as the market still in a possible downside, once invalidation area is triggered you can consider trading opportunities. The best trade rightnow is not to trade and wait #PATIENCE#DISCIPLINE
The gold forms a structure that seems to be an Ending diagonal 👀
Such a pattern suggests that the trend is weakening and a reversal is possible, ❎ but do not rush to buy and risk your money.
✅ Wait for confirmation and breakout of the channel.