FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top pattern has been formed on GOLD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2683.97 is broken, the downward movement will continue.

The Double Top pattern has been formed on GOLD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2683.97 is broken, the downward movement will continue.

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 2708.10 is broken, the downward movement will continue.

On the chart of the GOLD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 2700.33, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 426 points.

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2704.59; the lower boundary 2683.97; the width of the pattern 2062 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2683.82 level.

The Double Top pattern has been formed on GOLD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2659.97 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the GOLD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2668.63/2669.60 with the upper limit 2672.31/2672.98; the projection of the width is 368 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 2668.63, the price is most likely to continue the downward movement.

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 2668.63 is broken, the downward movement will continue.

According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2659.20/2665.00 whereas the upper border goes across 2673.04/2665.00. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GOLD will breach the upper border to head for 2665.23.

According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2659.23/2664.98 whereas the upper border goes across 2673.04/2664.98. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GOLD will breach the upper border to head for 2665.13.