XAUUSD- More of the same today?

Gooooood Morning Tradingview 🌄

So for today, no surprise to anyone, I am staying patient 😌 what I would like to see is price reach back up to the orange 5m LQZ, preferably creating some form of structure like a flag, before entering.

I do see more of the same, bearish momentum towards the Daily LQZ that never got touched this week.

If I "miss" my entry no bjg deal. We have news for the rest of the week with FOMC this Friday- yay! 🤗

As we can see price is inside of a nice descending (parallel) channel - inside of a larger descending parallel channel. I can see price possibly pushing up to create that 3rd touch before melting, but this is a lot of speculation and (educated) guess work on my part.

This is a good thing, knowing what to look for before entering. However, I am happy to stay out of the market today if need be to allow price to truly pick a direction.

🌟 As always
PIPs Over Profits 💰
I love y'all ✌🏾