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FX.co ★ GOLD M15: Bullish Rectangle

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Technical Analysis Patterns

2024-05-01T18:24:00
Signal strength 2 of 5

GOLD M15: Bullish Rectangle

Bullish RectangleAccording to the chart of M15, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2309.99 and support 2295.89. In case the resistance level 2309.99 - 2309.99 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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