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

The Triple Bottom pattern has formed on the chart of GOLD M15. Features of the pattern: The lower line of the pattern has coordinates 2332.19 with the upper limit 2332.19/2325.65, the projection of the width is 980 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 2322.39, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on GOLD M15; the upper boundary is 2332.19; the lower boundary is 2322.41. The width of the pattern is 980 points. In case of a break of the upper boundary 2332.19, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on GOLD M15. Characteristics: the support level 2322.39; the resistance level 2332.19; the width of the pattern 980 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 978 points.

According to the chart of M5, GOLD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2327.86, the lower border is 2324.32. The signal means that a long position should be opened above the upper border 2327.86 of the Bullish Rectangle.

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 2324.74 is broken, the downward movement will continue.