FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Triple Bottom pattern has formed on the chart of GOLD M5. Features of the pattern: The lower line of the pattern has coordinates 4642.41 with the upper limit 4642.41/4634.17, the projection of the width is 1898 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 4623.43, the price is most likely to continue the upward movement.

According to the chart of H1, GOLD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 4657.33 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -9058 pips.

The Bearish pennant pattern has formed on the GOLD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 4679.64, a trader will be able to successfully enter the sell position.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 4696.97; the lower boundary 4684.59; the width of the pattern is 1163 points. Sell trades are better to be opened below the lower boundary 4684.59 with a possible movements towards the 4684.44 level.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 4710.64 and 4644.89 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 6575 pips. Outlook: If the upper border 4710.64 is broken, the price is likely to continue its move by 4673.98.

The Double Bottom pattern has been formed on GOLD M30. Characteristics: the support level 4693.77; the resistance level 4753.15; the width of the pattern 5938 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 6122 points.

The GOLD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 4764.54, the Neckline and the upward angle are at 4750.58/4752.30. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GOLD will go towards 4752.15.

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 4746.61; the lower boundary 4740.07; the width of the pattern 654 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 4739.92 level.

The Bearish Flag pattern has been formed on GOLD at M5. The lower boundary of the pattern is located at 4839.03/4850.37 while the upper boundary lies at 4851.81/4863.15. The projection of the flagpole is 2174 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 4839.03 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the GOLD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 4839.03; the projection of the flagpole height is equal to 2174 pips. In case the price breaks out the pattern’s bottom of 4839.03, the downtrend is expected to continue for further level 4838.88.