WWW-XAUUSD

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W patterns, also known as double bottoms, are a classic technical analysis pattern indicating a potential reversal in a downtrend. In the context of XAU/USD (gold), a W pattern on the buy side typically consists of two troughs forming a W shape. The price drops to a low (first trough), bounces up, then falls again to a similar or slightly higher low (second trough), and finally rises again