FX.co ★ GOLD M5: Bearish Rectangle

According to the chart of M5, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 2558.43 – 2558.43 and upper border 2564.74 – 2564.74. In case the lower border is broken, the instrument is likely to follow the downward trend.