Gold pattern pointing up, page-510

The daily time frame chart, price has clearly stuck in this sideway action for a month now so it is anyone's guess where the direction of the movement. Seems to be a lot of hacking so I am only interested at the level of both edges to play a breakout or breakdown. Friday's low is indicating a fake out to take out the bull stops as well as fresh bear positions before the move back into the block. Could be a good time to buy some sold down goldies but side way hack is so unpredictable. The chart will of course look different on AUD version and investor will have to work out if there is any rate cut tomorrow to see whether a spike in AUD either way.

Fundamentally, I wonder if the market is in equilibrium towards Grexit, shanghai index rally or whatever has been occupying the world events of late.