The characterized as "Spring". It is called so because it has the energy of a
compressed spring. Very often is a predisposition to "Impact Trend". The pattern "Spring" has a
strong accumulation of the volume at a low price volatility. Location necessarily near the border
of the channel or important levels.
Mid range my bias toward price of gold is uptrend because confirmation on 12/12/2016 confirm the down trend is over. Now gold is developing triangle or Apex between range @50% fibo ( swing trade setup)