What is the W Pattern in Gold Trading?
The W pattern in gold trading is a double bottoms chart setup look like a W Shape, the best reversal signal is where the second bottoms is higher than the first one like shown below, this means the reversal setup can be confirmed by drawing an upwards trendline just as is illustrated and shown below. If one opens a buy signal the stoploss order will be set just below this upwards trendline.

W Shaped Double Bottoms Pattern - What is the W Pattern?
Study More Courses & Guides:
- Different Types of XAU USD Accounts
- How Do You Open a Real XAU/USD Account from MT4 Software?
- Explanation of How to Use Fib Retracement in MT4 Platform
- Analysis Ultimate Oscillator Indicator Buy Forex Signal
- How to Add Moving Average Oscillator Gold Indicator on Trading Chart
- MACD Fast Line Cross-over and MACD Center Line Cross-over XAUUSD Signals
- OBV Breakout XAU/USD System Technical Indicator


