FX.co ★ GOLD M5: Bullish Symmetrical Triangle

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 5239.70/5224.83 whereas the lower border goes across 5206.42/5224.83. The pattern width is measured on the chart at 3328 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 5224.83 is broken, the price could continue its move toward 5224.98.