FX.co ★ GOLD M15: Bearish Rectangle

According to the chart of M15, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 2632.62 – 2632.62 and upper border 2639.48 – 2639.48. In case the lower border is broken, the instrument is likely to follow the downward trend.