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 1826.12 with the upper limit 1826.12/1824.35, the projection of the width is 429 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 1821.83, the price is most likely to continue the upward movement.