FX.co ★ GOLD M5: Bullish Symmetrical Triangle

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2908.98/2918.00 whereas the upper border goes across 2929.44/2918.00. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GOLD will breach the upper border to head for 2918.15.