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Actual patterns
Head and Shoulders
The Head and Shoulders pattern has formed on the GOLD M5 chart. The head high is at 4405.27, while the neckline passes through 4391.48/4391.15. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.
Bullish Symmetrical Triangle
The Bullish Symmetrical Triangle pattern has formed on the GOLD M30 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 4416.01 and 4382.53, respectively. The pattern width is 3348 points. If the price breaks above the upper boundary at 4416.01, it is likely to move toward 4401.49.
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Double Top
The Double Top reversal pattern has formed on the GOLD M5 chart. Its upper boundary is at 4336.79, its lower boundary is at 4327.48, and its width is 931 points. A break below the lower boundary is likely to confirm further downward movement toward 4327.33.
Double Bottom
The Double Bottom pattern has formed on the GOLD M30 chart. Its upper boundary is at 4327.69, its lower boundary is at 4310.59, and its width is 1723 points. A break above the upper boundary at 4327.69 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Double Bottom
The Double Bottom pattern has formed on the GOLD M15 chart. Its support is at 4310.46, its resistance is at 4327.69, and its width is 1723 points. A break above resistance may confirm a trend reversal, with the first target projected 1710 points away.