FX.co ★ GOLD H1: Bearish Symmetrical Triangle

According to the chart of H1, GOLD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 4453.23/4532.24 and upper border is 4585.38/4532.24. The pattern width is measured on the chart at -13215 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 4531.84.