Possibility of completing an consolidation pattern with XAUUSD

H1 time frame.
After a period of sideways movement, the range of XAUUSD is getting narrower and narrower, there is a high possibility that the price is close to completing the consolidation pattern.
With the current price, it is likely that XAUUSD has completed the Contracting Flat pattern, but given the level of risk of this pattern, it is advisable to wait for the price to break down below the 1780 price level and return to 1785-1788 before retesting. As prices continue to down.
There is also a case that the price will break up to 1808 and complete the Simple Flat pattern, in which case false breakout signals will appear and sell orders in this good position can be found.
The profit target is the 1750 price zone.
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Wish you all have a good trading day!