FX.co ★ GOLD H1: Triple Bottom
Signal strength 4 of 5
GOLD H1: Triple Bottom
The Triple Bottom pattern has formed on the chart of GOLD H1. Features of the pattern: The lower line of the pattern has coordinates 1798.77 with the upper limit 1798.77/1793.63, the projection of the width is 1567 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 1783.10, the price is most likely to continue the upward movement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade