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FX.co ★ GOLD M5: Bullish Rectangle

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Technical Analysis Patterns

2022-08-12T06:05:16
Signal strength 1 of 5

GOLD M5: Bullish Rectangle

Bullish RectangleAccording to the chart of M5, GOLD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1789.59 – 1789.59 and upper border 1792.06 – 1792.06. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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