Analysis of Gold for October 17, 2023 - Symmertrical triangle pattern in creation and potential for the further breakout

Technical analysis:

Gold has been trading sideways at the price of $1.918 and I found symmetrical triangle pattern in creation, which is a good sign for potential breakout mode in the next period.

In case of the breakout of resistance at $1.922, I see potential for the further rally towards upside reference at $.932

In case of the breakout of support at $1.912, I see potential for the further drop towards lower references at $1.900 and $1.890

The short-term trend is upside and RSI is in the upside condition.