As Per Pattern Analysis On Daily Charts In GOLD there is Two Pattern Formed
1st Triangle Pattern Breakout Possible: Which Can Be Up Or Down. As Mentioned In The Chart Breakout Above $1315 Will Lead Gold Towards $1336 . One Can Buy With Stop of $1307 After Breakout
Or
Breakout Below $1303 Will Lead Further Downfall Towards $1280 One Can Short With Stop of $1314 After Breakout.
2nd Ascending Triangle Pattern Breakout: Which Will Lead To Upside In Gold