TheWolfOfBinance

We have seen the bottom and confirmed twice

TVC:GOLD   CFDs on Gold (US$ / OZ)
Double Bottoms
A double bottom forms when the price makes a low within a downtrend, and then pulls back to the upside. On the next decline the price stalls near the prior low, then rallies above the pullback high. It's called a double bottom because the price stalled in the same area twice, unable to drop below that support area.

The pattern is complete, and traders may take long positions, when the price rallies back above the pullback high.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.