FX.co ★ GOLD H1: Bullish Symmetrical Triangle

According to the chart of H1, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 4986.34/5045.63 whereas the upper border goes across 5085.98/5045.63. 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 5046.03.