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Bearish Rectangle
was formed on 25.04 at 07:08:17 (UTC+0)
signal strength 1 of 5

Bearish Rectangle GOLD M5

According to the chart of M5, GOLD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 3326.63 - 0.00 and support 3315.88 – 3315.88. In case the resistance level 3315.88 - 3315.88 is broken, the instrument is likely to follow the bearish trend.

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

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