FX.co ★ GOLD H1: Triple Top

The Triple Top pattern has formed on the chart of the GOLD H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 4987.73/4998.86 with the upper limit 5085.98/5118.76; the projection of the width is 9825 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 4987.73, the price is most likely to continue the downward movement.