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

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
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Figure:
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Triangle
Rectangle
Pennant
Flag
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Double Top
Triple top
Timeframe:
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M5
M15
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GOLD

GOLD M15

Double Top
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.
2024-11-21T19:45:16

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 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.
2024-11-21T19:20:04

GOLD M5

Double Top
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.
2024-11-21T18:40:31

GOLD M15

Bullish Symmetrical Triangle
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.
2024-11-21T17:41:12

GOLD M5

Bullish Symmetrical Triangle
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.
2024-11-21T15:16:27

GOLD M15

Bullish Symmetrical Triangle
According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2644.02/2649.03 whereas the upper border goes across 2654.93/2649.03. 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 2649.25.
2024-11-20T23:00:49

GOLD M5

Bullish Symmetrical Triangle
According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2644.02/2649.03 whereas the upper border goes across 2654.93/2649.03. 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 2649.18.
2024-11-20T21:19:48

GOLD H1

Bullish Rectangle
According to the chart of H1, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2641.32 and support 2618.36. In case the resistance level 2641.32 - 2641.32 is broken, the instrument is likely to follow the bullish trend.
2024-11-20T12:06:48

GOLD M5

Triple Top
The Triple Top pattern has formed on the chart of the GOLD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 24, support level -352, and pattern’s width 572. Forecast If the price breaks through the support level 2635.27, it is likely to move further down to 2641.17.
2024-11-20T03:35:22

GOLD M5

Double Top
On 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.
2024-11-20T02:50:20