- As shown in the chart gold may be forming a triple bottom bullish reversal pattern
- Formed three distinct, evenly spaced bottoms each forming around the 1485-1490 support zone
- The neckline of the pattern can be seen at the 1510 level, clearly acting as resistance
** For this pattern to be validated price would need to break and hold above the indicated neckline level @ 1510
- Formed three distinct, evenly spaced bottoms each forming around the 1485-1490 support zone
- The neckline of the pattern can be seen at the 1510 level, clearly acting as resistance
** For this pattern to be validated price would need to break and hold above the indicated neckline level @ 1510