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Bollinger Bands Gold Trend Reversals - Trading Double Tops and Double Bottoms Gold Trading Strategies

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

 

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

 

Double Bottoms Gold Trend Reversals

A double bottom is a buy gold trading signal setup. Double tops occurs when gold trading price action penetrates the lower Bollinger band then rebounds forming the first gold trading price low, then after a while another gold trading price low is formed, and this time it is above the lower Bollinger band.

 

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

 

Double Bottoms - Bollinger Bands Gold Trend Reversals Trading Strategy Using Double Bottoms Gold Trading Chart Patterns

Double Bottoms - Bollinger Bands Gold Trend Reversals Trading Strategy Using Double Bottoms Gold Trading Chart Patterns

 

Double Tops Gold Trend Reversals

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

 

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

 

Double Tops - Bollinger Bands Gold Trend Reversals Trading Strategy Using Double Tops Gold Trading Chart Patterns

Double Tops - Bollinger Bands Gold Trend Reversals Trading Strategy Using Double Tops Gold Trading Chart Patterns

 

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