FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bullish pennant signal – Trading instrument GOLD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 4493.89, with the prospect of the next move being a projection of the flagpole height.

The Triple Top pattern has formed on the chart of the GOLD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -161, support level -654, and pattern’s width 1418. Forecast If the price breaks through the support level 4412.83, it is likely to move further down to 4426.58.

According to the chart of M5, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 4356.04 and support 4341.61. In case the resistance level 4356.04 - 4356.04 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the GOLD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 4341.61/4349.80 with the upper limit 4354.28/4356.04; the projection of the width is 1267 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 4341.61, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 3330.94; the resistance level 3337.55; the width of the pattern 661 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 654 points.