FX.co ★ Patterns GOLD | Gold Rate in the Forex market

The Head and Shoulders pattern has formed on the GOLD H1 chart. The head high is at 4435.71, while the neckline passes through 4376.88/4385.57. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Triple Top pattern has formed on the chart of the GOLD M5 trading instrument. It is a reversal pattern with resistance at 4427.16/4428.38, support at 4413.54/4417.20, and a width of 1362 points. A break below the confirmation support at 4413.54 may signal further downward movement.

The Double Top pattern has formed on the GOLD M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 4413.54 is likely to confirm further downward movement.

The Head and Shoulders pattern has formed on the GOLD M5 chart. The head high is at 4405.27, while the neckline passes through 4391.48/4391.15. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Bullish Symmetrical Triangle pattern has formed on the GOLD M30 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 4416.01 and 4382.53, respectively. The pattern width is 3348 points. If the price breaks above the upper boundary at 4416.01, it is likely to move toward 4401.49.

The Double Top reversal pattern has formed on the GOLD M5 chart. Its upper boundary is at 4336.79, its lower boundary is at 4327.48, and its width is 931 points. A break below the lower boundary is likely to confirm further downward movement toward 4327.33.

The Double Bottom pattern has formed on the GOLD M30 chart. Its upper boundary is at 4327.69, its lower boundary is at 4310.59, and its width is 1723 points. A break above the upper boundary at 4327.69 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Double Bottom pattern has formed on the GOLD M15 chart. Its support is at 4310.46, its resistance is at 4327.69, and its width is 1723 points. A break above resistance may confirm a trend reversal, with the first target projected 1710 points away.

The Triple Bottom pattern has formed on the GOLD M5 chart. It has the following characteristics: resistance at 4322.25; support at 4312.30; pattern width of 995 points. If the confirmation resistance at 4322.84 is broken, the price is likely to continue upward by at least 1238 points.

The Bearish Symmetrical Triangle pattern has formed on the GOLD M30 chart. Its lower boundary passes through 4029.24/4055.94, while its upper boundary passes through 4077.50/4055.94. The pattern width is 4826 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GOLD breaks below the lower boundary, the price could move toward 4055.64.