What Happens in Gold Trading after a Consolidation Chart Pattern?

A consolidation chart pattern is a bilateral xauusd chart pattern that signals the xauusd price is taking a break and the buyers and 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 two 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 xauusd market to which the consolidation xauusd price breakout moves to.

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

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

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