was formed on 23.05 at 04:58:44 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 3286.21/3295.95 whereas the upper border goes across 3308.46/3295.95. 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 3296.10.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
