Gold Candlesticks Signals
Gold Candles patterns have different pattern formations which you as a trader can learn and use them in trading and identifying setups based on the candles 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 illustrations explain different setups of the doji candle:
Long legged doji candlesticks pattern has long upper and lower shadows with the opening & closing price at the mid. When the Long-legged doji appears on a trading chart it exemplifies indecision between the gold traders, buyers & sellers.
Below is example screen shot image screen shot of the Long Legged Doji candlesticks pattern formation
Doji Pattern - Doji XAUUSD Candles Signals
Doji Pattern - Doji Gold Candles Signals
Marubozu Candles Signals
Marubozu candlesticks pattern are long candles that have no upper or lower shadows, Like depicted & shown below.
Marubozu Candles - Marubozu Candlesticks Signals
Marubozu candlesticks pattern formation are continuing candle setups that show price is going to continue in the same direction as that of the marubozu candlestick. The marubozu candlesticks pattern formation can be white/blue or black/red depending on the direction of the trend.
Spinning Tops Candles Signals
Spinning tops candlesticks pattern formation have small body with long upper and lower shadows. These spinning tops candle 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 candlesticks pattern formation are longer than the body. The examples shown & explained below illustrates the spinning tops candlesticks pattern formation. You can look for the pattern formation in your MetaTrader 4 Software gold charts. The examples illustrated and explained below shows a screen-shot to help the Gold traders when it comes to learning and understanding these candles pattern formation.
How to Interpret Gold Candle Charts - Spinning Tops Gold Candlesticks Signals
Colour of the spinning tops candle-stick candlesticks pattern formation isn't 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 additional confirmation signals that the direction of a market has turned and reversed before trading the trading signal from the candles pattern formation.
Hammer Candle Pattern & Hanging Man XAUUSD Candlesticks Signals
Hammer Candle Pattern & Hanging Man Candle Pattern candles look alike and similar but hammer is bullish price reversal candlesticks pattern formation & hanging man is a bearish price reversaltrading candles pattern formation.
Hammer Candle Pattern & Hanging Man Candle Pattern - Candlesticks Signals
Hammer XAUUSD Candle-sticks Signals
Hammer candles pattern formation is a potentially bullish gold candle pattern formation which forms during a downwards trend. It's named and called so because the market is hammering out a market bottom.
Hanging Man Candles Signals
This hanging man candles pattern formation is a potentially bearish gold reversal which forms during a upwards trend. It is named & called so because it looks like a man dangling on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer XAUUSD Candle-sticks Signals
This is a bullish price reversal candlesticks pattern formation. It occurs at the bottom of a trend.
Inverted hammer candles pattern forms at the bottom of a down gold trend & reflects possibility of reversal of the downwards trend.
Inverted Hammer Candle Pattern - Candlesticks Signals
Shooting Star XAUUSD Candle-sticks Signals
Shooting Star Candle is a bearish price reversal candlesticks pattern formation. It occurs at the top of a trend.
Shooting Star candles pattern formation form at the top of an up-trend in the market where the opening price is same as the low & price then rallied up but was forced and pushed back downwards to close near the open.
Shooting Star Candle-stick - Candles Signals
Piercing Line XAUUSD Candle-sticks Signals
Piercing line candle pattern is a long black body followed by long white body candle.
The white body pierces the mid-point of the previous black body.
This Piercing Line candles pattern formation is a bullish price reversal candlesticks pattern formation which 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 candles pattern displays that the power of the down gold trend is reducing/decreasing and the price trend is likely to reverse and move in an upwards direction.
This Piercing Line candles pattern formation is shown referred to as a piercing line signaling that the market is piercing the bottom illustrating a market floor for the price downwards trend.
Piercing Line XAUUSD Candlestick Pattern - Candlesticks Signals
Dark Cloud Cover XAUUSD Candle-sticks Signals
Opposite of piercing candle 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 gold set-up which forms at the top of an upward trend.
Dark Cloud candlesticks pattern displays that the market opens higher & closes below the mid-point of the white body.
Dark Cloud candlesticks pattern formation displays that the power of the up trend is reducing/decreasing and the price trend is likely to reverse and move in a downward gold trading direction.
Dark Cloud candlesticks pattern is shown known as a cloud cover signaling 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 candles pattern formation
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 displays 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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