Candlestick Chart Analysis Tutorial

XAUUSD Candle Patterns Tutorial

The Japanese candles patterns techniques also have very many candlesticks formations and setups that are used by Gold traders to trade the markets. These candle-sticks patterns have different analysis interpretation and the most common are:

The above candles patterns is what makes the Japanese candles popular among technical traders & it's why this type of analysis are the most widely used when it comes to interpreting the market. The analysis for these pattern setups in Gold trade is the same as that one used in stock trading.

Advanced Candlestick Patterns Tutorial

Doji Advanced Candlestick Patterns Tutorial

This is a candle setup pattern with same opening & closing price. There are different types of doji candlesticks set-up that form on charts.

following illustrations explain different patterns of the doji candle:

Long legged doji candle pattern has long upper and lower shadows with the opening and closing gold trading price at the mid. When Long legged doji appears on a chart it demonstrates indecision between the Gold traders, buyers & sellers.

Below is example screen shot screenshot of the Long Legged Doji trading candles setup

Doji XAUUSD Gold Setup - Doji Advanced Candlestick Patterns Lesson - Candlestick Chart Analysis Tutorial

Doji Gold Setup - Doji Advanced Candlestick Patterns Lesson - Candlestick Chart Analysis Tutorial

Marubozu Advanced Candlestick Patterns Tutorial

Marubozu candle pattern are long candles which have no upper or lower shadows, Like shown and explained below.

Marubozu Candlestick Sticks - Marubozu Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Marubozu candle-stick pattern are continuing candle patterns that show price is going to continue heading in the same direction of the marubozu candlestick pattern. The marubozu candlesticks setup can be white/blue or black/red depending on the direction of the price trend.

Spinning Tops Candlesticks Advanced Candlestick Patterns Tutorial

Spinning tops candlestick pattern have small body with long upper and lower shadows. These spinning tops candles patterns are referred to by this term because these candles patterns are similar to a spinning top on a match-stick.

The upper & lower shadows of the spinning tops candles set-up are longer than the body. The examples shown and explained below shows the spinning tops candle pattern. You can look for the pattern on your MetaTrader 4 Software Platform charts. The examples illustrated and shown and illustrated below shows a screen-shot to help the Gold traders when it comes to learning and understanding these candle pattern.

How to Interpret/Analyze Candlestick Charts - Spinning Tops Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Colour of the spinning tops candlestick candlesticks setup isn't very important, this pattern show the indecision between the buyers(bulls) & sellers(bears) in the market. When these patterns appear at the top of a trend or at the bottom of price trend it might signal that the price trend is coming to an end & it may soon reverse & begin going in the other direction. However, it's better to wait for additional confirmation signals that the direction of a market has turned and reversed before trading the trading signal from this xauusd gold candle pattern setup formation.

Hammer Candlestick Pattern and Hanging Man Candle Advanced Candlestick Patterns Tutorial

Hammer Candle Pattern and Hanging Man Candlestick Pattern candles look alike & similar but hammer is bullish price reversal candle pattern and hanging man is a bearish price reversal candle pattern.

Hammer Candle Pattern and Hanging Man Candlestick Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Hammer Candlestick Advanced Candlestick Patterns Tutorial

Hammer candle set-up is a potentially bullish candlestick pattern which forms during a downward trend. It's named and called so because the market is hammering a market bottom.

Hanging Man Candle Advanced Candlestick Patterns Tutorial

This hanging man candlestick setup is a potentially bearish trading reversal which forms during a upward trend. It's named and called so because it looks like a man dangling on a noose up high.

Hanging Man Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Inverted Hammer Candle Advanced Candlestick Patterns Tutorial

This is a bullish price reversal candlestick pattern. It occurs at the bottom of a trend.

Inverted hammer candle pattern formation forms at the bottom of a down-trend & reflects possibility of a market price reversal of the downwards trend.

Inverted Hammer Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Shooting Star Candle Advanced Candlestick Patterns Tutorial

Shooting Star Candle is a bearish price reversal candlestick pattern. It forms at the top of a trend.

Shooting Star candle pattern form at the top of an upward trend in the market where the opening price is same as the low & price then rallied upwards but was pushed & forced back downwards to close near the open.

Shooting Star Candle - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Piercing Line Candle Advanced Candlestick Patterns Tutorial

Piercing line candlestick pattern is a long black body followed by long white body candle.

The white body pierces the midpoint of the previous black body.

This Piercing Line candle setup pattern is a bullish price reversal candle pattern that forms at the bottom of a market downward trend. It shows that the market opens lower & closes above the mid-point of the black body.

This Piercing Line candle pattern portrays that the force of the down trend is reducing/decreasing & the price trend is likely to reverse & move in an upwards direction.

This Piercing Line candle pattern is shown referred to & known as a piercing line signaling that the market is piercing the bottom illustrating a market floor for price downwards trend.

Piercing Line Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Dark Cloud Cover Candle Advanced Candlestick Patterns Tutorial

Opposite of piercing candle gold candle.

This candlestick is a long white body followed by a long black body.

Black body pierces the mid-point of the prior white body.

This is a bearish price reversal trade pattern which forms at the top of an upwards trend.

Dark Cloud Cover candle pattern the market opens higher & closes below the mid-point of the white body.

Dark Cloud Cover candle pattern illustrates that the force of the up trend is reducing/decreasing and the price trend is likely to reverse and move in a downward gold trade direction.

Dark Cloud Cover candlestick pattern is cited referred to & known as a cloud cover signaling the cloud as a ceiling for price upwards trend.

Dark Cloud Candlestick Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Morning Star Candle Advanced Candlestick Patterns Tutorial

Morning Star Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

Evening Star Candlestick Advanced Candlestick Patterns Tutorial

Opposite of the morning star candle pattern

Evening Star Candlestick Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial - Candlestick Guide

Engulfing Candles Setups

Engulfing is a reversal candle pattern that can be bearish or bullish depending upon whether it displays up at the end of a market downwards trend or at the end of a market up trend.

Bullish & Bearish Engulfing Candles Setups - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial

XAUUSD Candle Patterns Gold - Candlestick Patterns Tutorial - Candlestick Patterns Quick Reference

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