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FX.co ★ GOLD M5: Bullish Symmetrical Triangle

GOLD M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the GOLD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 4486.80 and 4464.19, respectively. The pattern width is 2261 points. If the price breaks above the upper boundary at 4486.80, it is likely to move toward 4473.51.
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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