FX.co ★ GOLD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of GOLD M5. Features of the pattern: The lower line of the pattern has coordinates 2573.77 with the upper limit 2573.77/2569.08, the projection of the width is 1028 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 2563.49, the price is most likely to continue the upward movement.