FX.co ★ GOLD M30: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the GOLD M30 chart. Its lower boundary passes through 4029.24/4055.94, while its upper boundary passes through 4077.50/4055.94. The pattern width is 4826 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GOLD breaks below the lower boundary, the price could move toward 4055.64.