FX.co ★ GOLD M15: Bearish Symmetrical Triangle

According to the chart of M15, GOLD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2347.97/2357.95 and upper border is 2365.01/2357.95. The pattern width is measured on the chart at -1704 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 2357.73.