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FX.co ★ GOLD M5: Double Bottom

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Technical Analysis Patterns

2022-08-12T10:30:21
Signal strength 1 of 5

GOLD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 1785.58; the resistance level 1788.14; the width of the pattern 256 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 270 points.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by GOLD