FX.co - Actual patterns. Instrument: GOLD: 25

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

Head and Shoulders

Double Top

Triple top

Timeframe:

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M5

M15

M30

H1

D1

Signal strength:

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High

Medium

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Signal direction:

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Buy

Sell

GOLD

GOLD M5

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 3243.80; the lower boundary 3219.16; the width of the pattern is 2574 points. Sell trades are better to be opened below the lower boundary 3219.16 with a possible movements towards the 3219.01 level.

11 April at 16:30 (UTC+0)

GOLD M15

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 3243.80; the lower boundary 3219.16; the width of the pattern is 2574 points. Sell trades are better to be opened below the lower boundary 3219.16 with a possible movements towards the 3218.94 level.

11 April at 16:30 (UTC+0)

GOLD M5

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 -62, support level -1317, and pattern’s width 1857. Forecast If the price breaks through the support level 3200.47, it is likely to move further down to 3219.12.

11 April at 3:50 (UTC+0)

GOLD M5

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 3182.64 is broken, the downward movement will continue.

11 April at 0:05 (UTC+0)

GOLD M5

Bullish Rectangle

According to the chart of M5, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 3175.88 and support 3167.51. In case the resistance level 3175.88 - 3175.88 is broken, the instrument is likely to follow the bullish trend.

10 April at 20:51 (UTC+0)

GOLD M15

The Double Top reversal pattern has been formed on GOLD M15. Characteristics: the upper boundary 3174.51; the lower boundary 3151.08; the width of the pattern is 2480 points. Sell trades are better to be opened below the lower boundary 3151.08 with a possible movements towards the 3150.85 level.

10 April at 20:45 (UTC+0)

GOLD M5

On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3175.82; the lower boundary 3167.51; the width of the pattern 831 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 3167.36 level.

10 April at 20:00 (UTC+0)

GOLD M5

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 -65, support level -55, and pattern’s width 1141. Forecast If the price breaks through the support level 3120.05, it is likely to move further down to 3128.84.

10 April at 5:30 (UTC+0)

GOLD M30

On the chart of GOLD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3100.96; the lower boundary 3048.18; the width of the pattern 5278 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 3047.88 level.

10 April at 2:00 (UTC+0)

GOLD M15

On the chart of the GOLD M15 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 3048.18, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5035 points.

10 April at 1:45 (UTC+0)