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Chart Patterns Gold

The document outlines key chart patterns for gold trading, categorizing them into reversal and continuation types. It describes each pattern, including the Double Bottom, Double Top, Head and Shoulders, and others, along with their respective signals and visual characteristics. Traders can use these patterns to make informed buy or sell decisions based on market behavior.

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srishtikoranga
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111 views2 pages

Chart Patterns Gold

The document outlines key chart patterns for gold trading, categorizing them into reversal and continuation types. It describes each pattern, including the Double Bottom, Double Top, Head and Shoulders, and others, along with their respective signals and visual characteristics. Traders can use these patterns to make informed buy or sell decisions based on market behavior.

Uploaded by

srishtikoranga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Most Important Chart Patterns for Gold

Trading
Pattern Name Type Signal Description

Double Bottom Reversal Buy Looks like 'W',


support tested twice
and holds.

Double Top Reversal Sell Looks like 'M',


resistance tested
twice and fails.

Head and Shoulders Reversal Sell Peak–higher peak–


lower peak (bearish
setup).

Inverse Head and Reversal Buy Dip–lower dip–


Shoulders higher dip (bullish
setup).

Ascending Triangle Continuation Buy Higher lows + flat


resistance =
breakout likely up.

Descending Triangle Continuation Sell Lower highs + flat


support =
breakdown likely
down.

Symmetrical Continuation Wait/Breakout Price consolidates;


Triangle breakout direction
decides entry.

Flag & Pennant Continuation Buy/Sell Short consolidation


after big move;
continuation in
same direction.

Cup and Handle Reversal Buy U-shaped base


followed by a small
pullback.

Rising Wedge Reversal Sell Higher highs &


higher lows
converging —
bearish breakdown.

Falling Wedge Reversal Buy Lower highs &


lower lows
converging —
bullish breakout.

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