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FX.co ★ GOLD M5: Bearish Symmetrical Triangle

GOLD M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleThe Bearish Symmetrical Triangle pattern has formed on the GOLD M5 chart. A break below the lower boundary at 4389.30 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 3230 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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