
According to the chart of M5, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 3396.64 and support 3390.42. In case the resistance level 3396.64 - 3396.64 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.