- In my previous analysis of gold, I beleived it may be in the formation of an inverse H + S formation - The second shoulder being formed within a descending wedge bullish formation - At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe - The second shoulder being formed within a descending wedge bullish formation - At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe - Neckline of this pattern is @ ~ 1221 - This level would need to be broken as well as the upper resistance trend-line of the descending wedge pattern to confirm a bullish breakout