Based on a weekly and monthly view of this pair, the previous range it traded in was 1150 - 1350 a troy ounce. We have since broken that range and moved up 200 dollars to the 1550 level. Now based on the 200 dollar range it traded in before for roughly 6 years, I believe the market will now trade in the 1350 - 1550 price range. Looking at the daily chart, there is evidence that we may see a move down to that previous breakout zone. If we see a break of this triangle formation, shorts will be in full effect down to that 1350 price level.