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

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2607.26; the lower boundary 2601.91; the width of the pattern 535 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2601.76 level.

The Triple Bottom pattern has formed on the chart of the GOLD H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2625.94/2600.55.

The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 2594.03; the lower boundary is 2591.88. The width of the pattern is 217 points. In case of a break of the upper boundary 2594.03, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, GOLD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 2596.25 – 2596.25 and upper border 2600.55 – 2600.55. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 2596.64 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 2586.51; the resistance level 2591.67; the width of the pattern 516 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 494 points.

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 2612.72 is broken, the downward movement will continue.

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 2594.90/2591.81.

According to the chart of M15, GOLD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 2632.62 – 2632.62 and upper border 2639.48 – 2639.48. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, GOLD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2639.48 - 0.00 and support 2632.62 – 2632.62. In case the resistance level 2632.62 - 2632.62 is broken, the instrument is likely to follow the bearish trend.