XAUUSD - 30M Triangle formation!

We seem to be inside a descending triangle on the M30 chart. This kind of pattern is most of the time a continuation pattern which should mean the price will continue down. However, even though we can see sellers are strong in this range, they are failing to break the triangle bottom resulting in the triple bottom on the 1H timeframe.

We're keeping an eye on this, when it breaks the price is likely to move fast. Market seems to be waiting for US open and Powells speech later today. Also NFP tomorrow so there's a chance this breaks and they price in NFP before the actual numbers are released.

As always, trade safe.