FX.co ★ GOLD M5: Double Bottom

GOLD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 1660.56; the resistance level 1664.28; the width of the pattern 372 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 350 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
Go to the patterns list Go to graph