According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2344.25/2349.42 and upper border is 2353.63/2349.42. The pattern width is measured on the chart at -938 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GOLD breaches the lower border, the price could continue its move toward 2349.27.