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    Thread: XAU/USD (part 4)

    1. #111
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      Default Actual pattern: Bearish Symmetrical Triangle, M5

      Signal strength 1 of 5



      According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1270.65 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 375 pips.

      Note: The M5 and M15 time frames may have more false entry points.

      This pattern was formed on 22.06 at 10:50:09 (UTC+0)
      Best regards,

      InstaForex Group Analyst


    2. The Following User Says Thank You to InstaForex__Analyst For This Useful Post:

      FxBD (06-22-2018)

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