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FX.co ★ GOLD M15: Bullish Symmetrical Triangle

GOLD M15: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording 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.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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