FX.co ★ GOLD M5: Bullish Symmetrical Triangle

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1979.75/1981.12 whereas the upper border goes across 1983.07/1981.12. 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 1981.27.