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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 1806.28; the resistance level 1808.55; the width of the pattern 227 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 237 points.
2022-05-16

GOLD M5

Bearish Symmetrical Triangle
According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1798.64 is likely to encourage a continuation of the downward trend.
2022-05-13

GOLD M5

Double Top
The Double Top pattern has been formed on GOLD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1821.99 is broken, the downward movement will continue.
2022-05-13

GOLD M5

Double Top
The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 1823.12; the lower boundary 1810.50; the width of the pattern is 1288 points. Sell trades are better to be opened below the lower boundary 1810.50 with a possible movements towards the 1810.35 level.
2022-05-13

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5. 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 1824.95 is broken. The further movements will rely on the width of the current pattern 392 points.
2022-05-12

GOLD M5

Triple Bottom
The Triple Bottom pattern has been formed on GOLD M5. It has the following characteristics: resistance level 1826.12/1824.35; support level 1821.83/1821.03; the width is 429 points. In the event of a breakdown of the resistance level of 1826.12, the price is likely to continue an upward movement at least to 1821.58.
2022-05-12

GOLD M5

Double Bottom
The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 1821.83; the resistance level 1826.12; the width of the pattern 429 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 469 points.
2022-05-12

GOLD M5

Bearish Symmetrical Triangle
According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1843.52/1848.51 and upper border is 1853.97/1848.51. The pattern width is measured on the chart at -1045 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GOLD breaches the lower border, the price could continue its move toward 1848.
2022-05-12

GOLD M30

Double Top
The Double Top reversal pattern has been formed on GOLD M30. Characteristics: the upper boundary 1857.59; the lower boundary 1850.51; the width of the pattern is 779 points. Sell trades are better to be opened below the lower boundary 1850.51 with a possible movements towards the 1850.21 level.
2022-05-12

GOLD M5

Double Top
On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1853.71; the lower boundary 1850.69; the width of the pattern 302 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1850.54 level.
2022-05-11