The M5 and M15 time frames may have more false entry points.
FX.co ★ GOLD M5: Bearish Rectangle
Signal strength 1 of 5
GOLD M5: Bearish Rectangle
According to the chart of M5, GOLD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1741.40 - 0.00 and support 1745.10 – 0.00. In case the resistance level 1745.10 - 0.00 is broken, the instrument is likely to follow the bearish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade