Gold is creating ascending corrective channel

Ascending corrective phase could be an assurable pattern for a short position! However, patience is the key factor for higher reward. The price can go either upwards or downwards. A candle-closed channel break out and another ascending correction can be a really strong signal for short position. Patience is the key!

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The corrective phase is now extended and more developed, waiting for further swing highs and swing lows. Subsequently, the bearish impluse could get much stronger.