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

The Bullish Symmetrical Triangle pattern has formed on the GOLD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 4486.80 and 4464.19, respectively. The pattern width is 2261 points. If the price breaks above the upper boundary at 4486.80, it is likely to move toward 4473.51.

The Bullish Rectangle has formed on the GOLD M30 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 4443.09 and its support is at 4418.35. A breakout above the resistance zone at 4443.09–4443.09 is likely to signal a continuation of the bullish trend.

The Bullish Rectangle has formed on the GOLD M15 chart. This is a trend continuation pattern bounded by the lower boundary at 4418.35–4418.35 and the upper boundary at 4443.09–4443.09. A breakout above the upper boundary is likely to signal a continuation of the uptrend.

The Bullish Pennant pattern has formed on the GOLD H1 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 4446.22, the uptrend is expected to continue toward 4446.62.

The Triple Top reversal pattern has formed on the GOLD M5 chart. Its upper boundary is at 4328.79/4331.11, its lower boundary is at 4314.20/4320.11, and its current width is 1075 points. If the confirmation support at 4314.20 is broken, that width can be used to project the downward move.

The Double Top reversal pattern has formed on the GOLD M5 chart. Its upper boundary is at 4330.86, its lower boundary is at 4320.11, and its width is 1100 points. A short position may be considered below the lower boundary at 4320.11, with a potential target at 4319.96.

The Double Bottom pattern has formed on the GOLD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 4463.59. The projected move is based on the pattern width of 3021 points.

The Bearish Symmetrical Triangle pattern has formed on the GOLD H1 chart. A break below the lower boundary at 4564.88 is likely to signal a continuation of the downtrend.

The Double Bottom pattern has formed on the GOLD M30 chart. Its support is at 4582.71, its resistance is at 4604.13, and its width is 2142 points. A break above resistance may confirm a trend reversal, with the first target projected 2055 points away.

The Bearish Symmetrical Triangle pattern has formed on the GOLD M5 chart. A break below the lower boundary at 4582.71 is likely to signal a continuation of the downtrend.