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FX.co ★ GOLD M5: Double Top

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Technical Analysis Patterns

2024-11-20T02:50:20
Signal strength 1 of 5

GOLD M5: Double Top

Double TopOn the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2641.32; the lower boundary 2635.27; the width of the pattern 605 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2635.12 level.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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