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FX.co ★ GOLD M5: Triple Bottom

GOLD M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the GOLD M5 chart. It has the following characteristics: resistance at 4289.20; support at 4282.84; pattern width of 636 points. If the confirmation resistance at 4302.16 is broken, the price is likely to continue upward by at least 1898 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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