FX.co ★ GOLD M5: Triple Top

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 2322.21/2326.82 with the upper limit 2330.43/2330.48; the projection of the width is 822 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 2322.21, the price is most likely to continue the downward movement.