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FX.co ★ Actual patterns. Technical analysis and trading recommendations

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
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Figure:
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Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
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M5
M15
M30
H1
D1
Signal strength:
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Signal direction:
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Buy
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GOLD

GOLD H1

Triple Top
The Triple Top pattern has formed on the chart of the GOLD H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2171.19/2186.90 with the upper limit 2199.58/2200.21; the projection of the width is 2839 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 2171.19, the price is most likely to continue the downward movement.
2024-03-28T08:52:16

GOLD H1

Triple Top
On the chart of the GOLD H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 2171.19, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2839 points.
2024-03-28T08:00:33

GOLD M30

Bullish Symmetrical Triangle
According to the chart of M30, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2182.50/2191.15 whereas the upper border goes across 2197.13/2191.15. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GOLD will breach the upper border to head for 2191.45.
2024-03-28T02:14:00

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 2186.90; the resistance level 2189.94; the width of the pattern 304 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 287 points.
2024-03-28T01:25:18

GOLD M15

Triple Top
The Triple Top pattern has formed on the chart of the GOLD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -68, and pattern’s width 680. Forecast If the price breaks through the support level 2187.91, it is likely to move further down to 2193.39.
2024-03-27T22:15:05

GOLD M5

Bullish pennant
The Bullish pennant pattern is formed on the GOLD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 2194.97, a further uptrend is possible.
2024-03-27T20:51:37

GOLD M15

Bullish Symmetrical Triangle
According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2194.71 and 2187.68 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 703 pips. Outlook: If the upper border 2194.71 is broken, the price is likely to continue its move by 2190.76.
2024-03-27T18:51:41

GOLD M5

Double Top
On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2173.77; the lower boundary 2169.11; the width of the pattern 466 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2168.96 level.
2024-03-26T08:05:10

GOLD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the GOLD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2172.56/2171.77.
2024-03-25T22:00:33

GOLD M5

Double Top
On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2175.65; the lower boundary 2172.09; the width of the pattern 356 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2171.94 level.
2024-03-22T13:30:25