FX.co ★ GOLD M5: Bearish Symmetrical Triangle

According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 5166.47/5182.56 and upper border is 5204.36/5182.56. The pattern width is measured on the chart at -3789 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GOLD breaches the lower border, the price could continue its move toward 5182.41.