One could argue is that the period could be of distribution, but I think that gold is Bullish in the long term. As I have shared in previous chart, so this looks like another accumulation to me.
All levels on the chart. 1. Range breaking out after 6 years is significant. 2. Even if the price comes down, there would very difficult for it go below this range due to heavy accumulation over this period.
All important level market in chart. 1. More time a support/resistance/trend line is tested, weaker it becomes. 2. Previous support act as resistance as support, and resistance as support.
Short at the given point if Nifty and Bank Nifty is bearish.