Trade Gold Trading

Trading Double Tops & Double Bottoms Trading Strategies

A trader should wait for the price to turn in the opposite direction after touching one of the gold trading Bollinger bands before considering that a gold reversal is happening.

Even better a gold trader should see the price cross-over the moving average MA.

Double Bottoms Trend Reversals

A double bottom is a buy trading signal set-up. Double top forms when the price action penetrates the lower Bollinger band then rebounds forming the first price low, then after a while another price low is formed, & this time it's above the lower Bollinger band.

The second price low must not be lower than the first one and it important is that the second price low does not touch or penetrate the lower Bollinger band. This bullish xauusd setup is confirmed when price action moves and closes above the middle band (simple moving average).

How to Place Bollinger Band Indicator on Chart in Platform

Double Bottom - Bollinger Bands Trend Reversals Strategy Using Double Bottom Pattern Setups

Double Tops Trend Reversals

A double tops is a sell trading signal setup. Double top forms when the price action penetrates the upper Bollinger band then rebounds down forming the first price high., then after a while another price high is formed, & this time it's below the upper Bollinger band.

The second price high must not be higher than the first one and it important is that the second price high doesn't touch or penetrate the upper Bollinger band. This bearish xauusd setup is confirmed when price action moves & closes below the middle band (simple moving average).

No Nonsense Bollinger Band Buy & Sell Signals Indicator

Double Tops - Bollinger Bands Trend Reversals Strategy Using Double Top Pattern Setups

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