The M5 and M15 time frames may have more false entry points.
FX.co ★ GOLD M15: Bullish Symmetrical Triangle
Signal strength 2 of 5
GOLD M15: Bullish Symmetrical Triangle
According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2659.20/2665.00 whereas the upper border goes across 2673.04/2665.00. 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 2665.23.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction