How Do I Read Bearish Reversal Doji Candle Pattern?

This bearish reversal doji candlestick pattern appears at market turning points in an upward gold trend and warns of a possible trend reversal in Gold market trend - from an upward gold trend to a downward xauusd trend. Below is an example of this bearish reversal doji candlestick pattern

Doji is a gold candlestick pattern with the same opening and closing xauusd price. There are various types of doji patterns which are formed on xauusd charts.

A bearish doji candlestick is where xauusd price of gold for a specific time period closes almost at the same xauusd price. Bearish Doji candlesticks look like a cross, inverted cross or a plus sign & appears at top of an upward xauusd trend.

This bearish reversal doji candlestick pattern appears at market turning points & warns of a possible trend reversal in Gold market. Below is an example of this reversal doji candlestick pattern that is a bearish doji if it appears at top of an upward xauusd trend.

How Do I Read Bearish Reversal Doji Candlesticks Pattern?

Technical Analysis of Bearish Doji Candlestick Pattern - All doji candlesticks pattern explain indecision in the Gold market this is because at the at the top the buyers were in control but none of them could gain control and at the close of the xauusd market the xauusd price closed unchanged at the same xauusd price as the opening xauusd price. This bearish doji candle pattern shows that the overall xauusd price movement for that day was zero pips or just a minimum range of 1-3 pips. Reading these candlesticks patterns require very small pip movement between the opening xauusd price and closing xauusd price.

When this candles pattern shows up at the top of an upwards gold trend then this candles pattern give a bearish trend reversal signal because it shows the momentum of the buyers is declining.

Once this doji candlestick pattern is confirmed by xauusd price closing lower than the opening xauusd price of the candlestick that is drawn prior to the bearish doji candlestick then the bearish trend reversal signal will be confirmed.