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

The Bullish pennant pattern is formed on the GOLD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 2654.42, a further uptrend is possible.

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 2650.69; the lower boundary 2646.92; the width of the pattern is 399 points. Sell trades are better to be opened below the lower boundary 2646.92 with a possible movements towards the 2646.70 level.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 2650.69; the lower boundary 2646.92; the width of the pattern is 399 points. Sell trades are better to be opened below the lower boundary 2646.92 with a possible movements towards the 2646.77 level.

According to the chart of M5, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2650.69 and support 2646.92. In case the resistance level 2650.69 - 2650.69 is broken, the instrument is likely to follow the bullish trend.

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 2655.15/2645.15 whereas the lower border goes across 2631.65/2645.15. The pattern width is measured on the chart at 2350 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2645.15 is broken, the price could continue its move toward 2645.30.

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 2644.79/2639.22 whereas the lower border goes across 2633.06/2639.22. The pattern width is measured on the chart at 1173 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2639.22 is broken, the price could continue its move toward 2639.37.

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 2638.65 is broken. The further movements will rely on the width of the current pattern 1618 points.

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 2638.65/2628.07.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 2662.23; the lower boundary 2650.12; the width of the pattern is 1166 points. Sell trades are better to be opened below the lower boundary 2650.12 with a possible movements towards the 2649.97 level.

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 2662.79 is broken. The further movements will rely on the width of the current pattern 693 points.