Looked using a weekly chart gold is moving inside a triangle formation. A triangle formation is nothing else than a corrective phase. That together with a triangle formation mean indecision, doubt. That indecision is resolved when price brokes out to the upside or the donwside. There is also one nice feature near a triangle vertix: Risk lowers, maximizing reward. That is what is happening here. It may take weeks, but when this triangle is resolved there is a great opportunity to profit because the potencial move is huge.