How Do You Analyze Candlestick Chart?

A beginner gold trading guide to xauusd trading - how to read gold charts. The 3 different types of xauusd charts are line chart, bar chart & candlestick chart - these oftenly used gold chart types are described in this learn gold trading guide & beginner traders can learn how to Interpret these gold charts from this learn gold charts guide.

This learn gold charts tutorial will show you how to Interpret these candlesticks charts that are commonly used in gold trading.

Trading XAUUSD Interpret Candlesticks Chart Signals

Line Chart Signals - How Do I Interpret Line Chart Signals? - gold line charts draws a continuous line connecting closing xauusd prices of a gold.

How Do You Interpret Gold Chart? - How Do I Interpret XAUUSD Chart Signals?

Gold Bars Chart Signals - How Do I Interpret Bar Chart Signals? - gold bar charts are displayed as sequence of OHCL bars. OHCL represents OPEN HIGH LOW and CLOSE. The Opening xauusd price is displayed as a horizontal dash on the left & closing xauusd price as a horizontal dash on the right.

How Do You Interpret Gold Chart? - How Do I Interpret XAUUSD Chart Signals? - How Do I Interpret Bar Chart Signals?

Main disadvantage of a bar charts is that these gold charts not visually appealing, therefore most traders don't use them.

Candles Chart Signals - How to Interpret Candlesticks Chart Signals? - these candlesticks charts use the same price data as bar charts - open, high, low, and close. However, candlesticks charts are drawn in a much more visually identifiable way which looks like a candle with wicks on both ends.

Trading XAUUSD Interpret a Candle Chart

Rectangle part of the gold candlestick is called the body.

The high and low are described as shadows & are plotted as poking lines.

Candles Chart Signals - How to Interpret Candlesticks Chart Signals

The color of the xauusd candlestick is either blue or red:

• - Blue or Green Color Gold Candles - Gold prices moved upward
• - Red Color Gold Candles - Gold prices moved downwards

Most gold trading platforms like the MT4 Gold Trading Platform, use colors to mark the direction of the xauusd price. Gold candlesticks colors used are blue or green: color of gold candle-stick is blue when price moves up - color of candlestick is red when price moves down.

Analyze Candles Chart Signals?

When Gold candles charts are used it's very easy to see if the xauusd price moved upwards or downward as opposed to when gold bar charts are used.

Analyze Candles Chart Signals?