sellers weakness

Hello everyone
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XAUUSD:
weakness of sellers in XAUUSD chart (gold) is obvious.
sellers should be careful at this stage as on the 1h time-frame, the price is printing a ending channel.
Also we see that ending channel forming a W5 and I think a minimum corrective upside movement from one of those zone that shown in chart is possible.

Comment:

the price reacted well to the first zone that coincide with reaction to the lower line of parallel channel as the bullish ending channel.
I am waiting for channel breaks upside for buying.