GOLD to 1730 or 1687 we will know within 48 hours

Updated
Hello all,

Quite the price channel over the past 2 weeks. So many touches... not a speculative channel at all.

Small descending triangle forming. They tend to be bearish but can go either way. Personally I would see less resistance to the price declining than rising. But either way, an upside breakout; target 1730 and a downside breakout target 1687

Downside target is from a 1.618 fib extension, the height of the start of the triangle, and also the lower channel trend-line. So I would call that a convergent target.

That is all for now, goo luck and protect those funds.
Note
And here we go...
Note
I guess the answer is both... to 1687 then to 1730 :)
Trade closed: target reached
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