How Many XAUUSD Chart Patterns are There?

The 3 main types of chart patterns used by traders are

1. Reversal Patterns

• Double Top Patterns

• Double Bottoms Setups

• Head & Shoulders Setups

• Reverse Head & Shoulders Setups

Reversal Setups confirm the reversal of the market trend once this reversal patterns setup is confirmed. These reversal patterns are formed after extended market trend either upward or downward & these patterns signal that the market trend is ready to reverse.

2. Continuation Trading Patterns

• Ascending Triangle Patterns

• Descending Triangle Setups

• Bull Flag/Pennant Setups

• Bear Flag/Pennant Setups

Continuation Patterns are arrangements that set up the market for a trend continuation move in direction of the prior trend. These continuation patterns are formed when the Trading market is taking a break before continuing in same direction of the previous trend.

3. Bilateral Patterns

• Symmetric Triangle - Consolidation Patterns

• Rectangle - Range Setups

Consolidation Chart Patterns form when the market is taking a break before deciding the next direction to take. When these consolidation chart patterns are formed the market is trying to decide what direction to trade.

XAUUSD Chart Patterns Guide

This chart patterns cheat sheet guide explains the Three types of chart patterns used in day trading and scalping trading.

Traders can also find the chart patterns analysis on the tutorial below that explained examples of the various Gold Trading patterns & also learn how to analyze and trade these trading pattern setups.

Reversal Chart Setups Lessons

Double Tops Chart Patterns & Double Bottom Chart Setups

Head & shoulders Chart Setups and Reverse Head & shoulders Chart Setups

Continuation Patterns Lessons

Continuation Chart Patterns

Consolidation Patterns Guides

Consolidation Setups

Patterns - Patterns Tutorial PDF Guide