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

The Double Bottom pattern has been formed on GOLD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 3231.69 is broken. The further movements will rely on the width of the current pattern 1483 points.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 3243.80; the lower boundary 3219.16; the width of the pattern is 2574 points. Sell trades are better to be opened below the lower boundary 3219.16 with a possible movements towards the 3219.01 level.

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 3243.80; the lower boundary 3219.16; the width of the pattern is 2574 points. Sell trades are better to be opened below the lower boundary 3219.16 with a possible movements towards the 3218.94 level.

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 -62, support level -1317, and pattern’s width 1857. Forecast If the price breaks through the support level 3200.47, it is likely to move further down to 3219.12.

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 3182.64 is broken, the downward movement will continue.