Gold is overall bullish so if the pattern breaks, it should break to the upside. Of course, if gold can not maintain bullish momentum, it may result in a further decline in the price.
This pattern may not break out until the end of Dec. maybe into Jan. with this in mind we are still about to take price action trades on the smaller time frames.
Levels to look out for:
BULLISH: 2673 - 4hr FVG low 2683 - 4hr FVG High 2700 - supply and demand
BEARISH: 2624 - 1hr Head and Shoulder Target 2610 - Daily FVG High 2590 - Daily FVG Midpoint 2575 - Daily FVG Low 2560 - Daily Double Bottom
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