FX.co ★ GOLD M5: Bullish Rectangle

According to the chart of M5, GOLD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 5053.67 – 5053.67 and upper border 5075.79 – 5075.79. In case the upper border is broken, the instrument is likely to follow the upward trend.