Gold Candlesticks Signals
Gold Candles patterns have different pattern formations which you can learn and use them in trading and identifying setups based on the candlesticks patterns guide explained below.
The guides below explain how to identify these candles patterns & how to trade gold with them.
Doji Gold Candles Signals
Doji is a candlesticks pattern with same opening & closing price. There are various types of doji candlesticks pattern which form on charts.
following examples explain different setups of the doji candle:
Long legged doji candlesticks pattern has long upper and lower shadows with the opening and closing price at the mid. When the Long-legged doji appears on a trading chart it exemplifies indecision between the traders, buyers & sellers.
Below is example screen shot image screenshot of the Long Legged Doji candlesticks pattern setup
Doji Pattern - Doji XAUUSD Candles Signals
Doji Chart Pattern - Doji Gold Candles Signals
Marubozu Candles Signals
Marubozu candles pattern are long candlesticks that have no upper or lower shadows, Like depicted & shown below.
Marubozu Candles - Marubozu Candlesticks Signals
Marubozu candles pattern setup are continuing candlestick setups that show price is going to continue in same direction as that of the marubozu candlestick. The marubozu candles pattern setup can be white/blue or black/red depending on direction of the trend.
Spinning Tops Candles Signals
Spinning tops candlesticks pattern setup have a small body with long upper and lower shadows. These spinning tops candle patterns are referred to by this name because these candlesticks arrangements are similar to spinning tops on a match-stick.
The upper and lower shadows of the spinning tops candlesticks pattern setup are longer than the body. The examples shown & explained below illustrates the spinning tops candlesticks pattern setup. You can look for the pattern setup in your Meta Trader 4 Software gold charts. The examples illustrated and explained below shows a screenshot to help traders when it comes to learning & understanding these candlesticks pattern setup.
How to Read Gold Candle Charts - Spinning Tops Gold Candlesticks Signals
Colour of the spinning tops candle-stick candlesticks pattern setup is not very important, this pattern explain the indecision between buyers and sellers in the Gold market. When these xauusd setups appear at the top of a market trend or at the bottom of the trend it may signal that the trend is coming to an end and it may soon reverse and begin going the other direction. However, it's better to wait for confirmation signals that the direction of a market trend has reversed before trading the signal from the candlesticks pattern formation.
Hammer Candle Pattern and Hanging Man XAUUSD Candlesticks Signals
Hammer Candle Pattern & Hanging Man Candle Pattern candlesticks look alike but hammer is bullish reversal candles pattern setup & hanging man is a bearish reversaltrading candlesticks pattern setup.
Hammer Candle Pattern and Hanging Man Candle Pattern - Candlesticks Signals
Hammer XAUUSD Candle-sticks Signals
Hammer candlesticks pattern setup is a potentially bullish gold candle pattern setup which forms during a downwards trend. It's named so because the market is hammering out a market bottom.
Hanging Man Candles Signals
This hanging man candlesticks pattern setup is a potentially bearish gold reversal which occurs during a upwards trend. It is named so because it looks like a man hanging on a noose up high.
Hanging Man Candlestick Pattern
Inverted Hammer XAUUSD Candle-sticks Signals
This is a bullish reversal candlesticks pattern setup. It occurs at the bottom of a trend.
Inverted hammer candlesticks pattern forms at the bottom of a down gold trend & indicates possibility of reversal of the downwards trend.
Inverted Hammer Candle Pattern - Candlesticks Signals
Shooting Star XAUUSD Candle-sticks Signals
Shooting Star is a bearish reversal candlesticks pattern setup. It occurs at the top of a trend.
Shooting Star candlesticks pattern setup form at the top of an up-trend in the market where the open price is same as the low & price then rallied up but was forced back downwards to close near the open.
Shooting Star Candle-stick - Candles Signals
Piercing Line XAUUSD Candle-sticks Signals
Piercing line candlestick pattern is a long black body followed by a long white body candle.
The white body pierces the mid-point of the previous black body.
This Piercing Line candlesticks pattern setup is a bullish reversal candlesticks pattern setup that forms at the bottom of a market downwards trend. It shows that the market opens lower & closes above the mid-point of the black body.
This Piercing Line candlesticks pattern highlights that the momentum of the down gold trend is reducing and the price trend is likely to reverse and move in an upwards direction.
This Piercing Line candlesticks pattern setup is shown referred to as a piercing line signifying the market is piercing the bottom illustrating a market floor for the price downwards trend.
Piercing Line XAUUSD Candle-stick Pattern - Candlesticks Signals
Dark Cloud Cover XAUUSD Candle-sticks Signals
Opposite of piercing candlestick candle.
This candle 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 reversal gold set-up which forms at the top of an upward trend.
Dark Cloud candles pattern highlights that the market opens higher & closes below the mid-point of the white body.
Dark Cloud candles pattern setup highlights that the momentum of the up trend is reducing and the price trend is likely to reverse and move in a down ward gold trading direction.
Dark Cloud candles pattern is shown known as a cloud cover signifying the cloud as a ceiling for the price upwards trend.
Dark Cloud Cover Candle Pattern
Morning Star Candles Signals
Morning Star Candle Pattern - Candlesticks Signals
Evening Star Candles Signals
Opposite of morning star candlesticks pattern setup
Evening Star Candle Pattern - Candlesticks Signals
Gold Candles Signals
Engulfing is a reversal candlesticks pattern that can be bearish or bullish depending upon whether it shows up at the end of a market down gold trend or at the end of a market upwards trend.
Bullish and Bearish Engulfing Candles Pattern Setups - Candlesticks Signals
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