FX.co ★ Patterns GOLD | Taux de l'or sur le marché Forex

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 4800.56; the lower boundary 4784.04; the width of the pattern is 1670 points. Sell trades are better to be opened below the lower boundary 4784.04 with a possible movements towards the 4783.89 level.

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 4722.47, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1001 points.

According to the chart of M5, GOLD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 4722.47 – 4722.47 and upper border 4732.73 – 4732.73. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 4719.86, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1110 points.

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 4705.30/4719.86 with the upper limit 4729.97/4732.48; the projection of the width is 2467 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 4705.30, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of the GOLD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 4732.68/4732.49.

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 4606.76 is broken, the downward movement will continue.

According to the chart of M5, GOLD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 5191.28, the lower border is 5172.34. The signal means that a long position should be opened above the upper border 5191.28 of the Bullish Rectangle.

The Double Bottom pattern has been formed on GOLD M15. 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 5196.70 is broken. The further movements will rely on the width of the current pattern 2157 points.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 5145.00/5192.38 whereas the upper border goes across 5234.93/5192.38. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GOLD will breach the upper border to head for 5192.53.