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FX.co ★ Patterns GOLD | Gold Rate in the Forex market

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 1747.44; the resistance level 1749.48; the width of the pattern 204 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 211 points.
2022-11-30

GOLD M15

Double Bottom
The Double Bottom pattern has been formed on GOLD M15. Characteristics: the support level 1747.44; the resistance level 1749.48; the width of the pattern 204 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 211 points.
2022-11-30

GOLD M5

Triple Bottom
The Triple Bottom pattern has been formed on GOLD M5. It has the following characteristics: resistance level 1751.74/1751.57; support level 1749.23/1748.43; the width is 251 points. In the event of a breakdown of the resistance level of 1751.74, the price is likely to continue an upward movement at least to 1749.40.
2022-11-29

GOLD M15

Double Bottom
The Double Bottom pattern has been formed on GOLD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1741.48 is broken. The further movements will rely on the width of the current pattern 232 points.
2022-11-28

GOLD M5

Bearish Symmetrical Triangle
According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1740.42 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 118 pips.
2022-11-28

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 1739.24; the resistance level 1741.48; the width of the pattern 224 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 208 points.
2022-11-28

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 1739.28; the resistance level 1740.62; the width of the pattern 134 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 138 points.
2022-11-28

GOLD M5

Bearish Rectangle
According to the chart of M5, GOLD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1741.40 - 0.00 and support 1745.10 – 0.00. In case the resistance level 1745.10 - 0.00 is broken, the instrument is likely to follow the bearish trend.
2022-11-28

GOLD M30

Double Top
The Double Top pattern has been formed on GOLD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1754.67 is broken, the downward movement will continue.
2022-11-24

GOLD M5

Bullish Symmetrical Triangle
According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1755.92/0.00 whereas the lower border goes across 1757.92/0.00. The pattern width is measured on the chart at -200 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.00 is broken, the price could continue its move toward 1756.
2022-11-24