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According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 4503.75/4525.73 whereas the upper border goes across 4549.47/4525.73. 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 4525.88.

According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 4530.70/4512.46 whereas the lower border goes across 4487.48/4512.46. The pattern width is measured on the chart at 4322 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 4512.46 is broken, the price could continue its move toward 4512.69.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 4481.10/4491.02 whereas the upper border goes across 4499.35/4491.02. 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 4491.17.

The Double Top reversal pattern has been formed on GOLD M30. Characteristics: the upper boundary 4496.87; the lower boundary 4429.93; the width of the pattern is 6928 points. Sell trades are better to be opened below the lower boundary 4429.93 with a possible movements towards the 4429.63 level.

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 4496.87; the lower boundary 4429.93; the width of the pattern is 6928 points. Sell trades are better to be opened below the lower boundary 4429.93 with a possible movements towards the 4429.71 level.