FX.co ★ GOLD M30: Bearish Symmetrical Triangle

According to the chart of M30, GOLD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2333.33/2353.58 and upper border is 2373.96/2353.58. The pattern width is measured on the chart at -4063 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 2353.28.