GC Is Testing the Previous HIGH to Consolidate In triangle Patt. GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! GlobalInvestFutures EXPECTATION: the market could continue to consolidate to complete the Triangle pattern . Today, I'm bullish since the market is above the VWAP . The market may break the triangle from above to reach some previous recent highs as 78.6% Fibonacci Level which corresponds to the 2015 price level (blue arrow). If the market breaks from below, it may reach the 38.2% Fibonacci level (orange arrow) since it already tested this level 12 August. Focus on volumes traders!