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Bullish Symmetrical Triangle
was formed on 26.12 at 22:02:55 (UTC+0)
signal strength 1 of 5

Bullish Symmetrical Triangle GOLD M5

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.

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

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