FX.co ★ GOLD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of GOLD M5. Features of the pattern: The lower line of the pattern has coordinates 4642.41 with the upper limit 4642.41/4634.17, the projection of the width is 1898 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 4623.43, the price is most likely to continue the upward movement.