FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top pattern has been formed on GOLD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2683.97 is broken, the downward movement will continue.

The Double Top pattern has been formed on GOLD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2683.97 is broken, the downward movement will continue.

The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2708.10 is broken, the downward movement will continue.

On the chart of the GOLD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 2700.33, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 426 points.

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2704.59; the lower boundary 2683.97; the width of the pattern 2062 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2683.82 level.