What Happens in Gold Trading after a Consolidation Pattern?

A consolidation pattern is a bilateral xauusd chart pattern that signals the xauusd price is taking a break and the buyers & sellers in the xauusd market are yet to decide on which side the xauusd market will move - this shows that there is a tug of war between the 2 and neither side can gain control of the xauusd trading market.

This consolidation chart pattern can continue for some time until eventually one side of the xauusd market wins and a new gold trend forms in the direction of the market to which the consolidation xauusd price break out moves to.

If the xauusd price breaks-out to the upward side then the trend is considered to be a bullish upward trend.

If the xauusd price breaks out to the downwards side then the trend is considered to be a bearish downward trend.

Traders can decide which side of the consolidation to trade once the xauusd price break out happens & not before the xauusd price breakout.