Gold is currently on a high consolidation, forming a bearish triangle. Probations are that this may be the last high groove its forming within the triangle. Like the triangle pattern rule says "on a bearish triangle, there is a high probability of downside breakout", so we might be expecting a bearish trend within the triangle preceding to a units roughated to the base of the triangle. But fundmentals are favouring the upside direction irrespective of the chart pattern forming. So we are just waiting to see which side is going where the beakout will happen.
Trade closed: target reached