How Many Candles Patterns are There? MT4 Patterns Gold Guide
Top 10 Candlesticks Setups in Gold & their Analysis:
How Do I Read Japanese Candles Patterns? - How to Interpret Japanese Candles Pattern Setups - Trading Study Candlesticks?
Below is a new traders lesson on how to read & analyze xauusd candlesticks patterns:
Doji MT4 Candlestick Recognition XAUUSD Guide
This is a candlesticks pattern formation 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 Long-legged doji pops and shows up on chart it signals indecision between the gold traders, buyers & sellers.
Below is example screen shot of Long Legged Doji trading candles pattern formation
Doji Pattern - Doji MT4 Charts Tutorial
Doji Pattern - Doji MetaTrader 4 Candle Pattern Recognition Gold Lesson
Marubozu MT4 Patterns XAUUSD Guide
Marubozu xauusd candlesticks pattern are long candles that have no upper or lower shadows, Like depicted & shown below.
Marubozu Candles - Marubozu MT4 Patterns Gold Lesson
Marubozu xauusd candlesticks pattern formation are continuing candle setups that show xauusd 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 price trend.
Spinning Tops Candles MT4 Patterns XAUUSD Guide
Spinning top 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 and lower shadows of the spinning tops candlesticks pattern formation are longer than the body. The examples illustrated and explained below illustrates the spinning tops candlesticks pattern formation. You can look for the pattern formation in your MetaTrader 4 Platform 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 xauusd candlesticks pattern formation.
How Do I Interpret Gold Candle Charts - Spinning Tops MetaTrader 4 Patterns Gold Lesson
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 Trading 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 xauusd candlesticks pattern formation.
Hammer Candle Pattern & Hanging Man Gold Candle MetaTrader 4 Candle Pattern Recognition Gold Guide
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 - MT4 Patterns Gold Lesson
Hammer Candle MT4 Patterns XAUUSD Guide
Hammer xauusd candlesticks pattern is a potentially bullish candlestick pattern formation which forms during a downwards trend. It's named and called so because the gold market is hammering out a bottom.
Hanging Man Candle MetaTrader 4 Patterns XAUUSD Guide
This hanging man candles pattern is a potentially bearish gold trading reversal signal which forms during a upwards trend. It's named and called so because it looks like a man dangling on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Candle MT4 Patterns XAUUSD Guide
This is a bullish price reversal candlesticks pattern formation. It forms at the bottom of a trend.
Inverted hammer candles setup forms at the bottom of a down-trend & signals the possibility of reversal of the downwards trend.
Inverted Hammer Candle Pattern - MT4 Charts Tutorial
Shooting Star Candle MT4 Patterns XAUUSD Guide
Shooting Star Candle is a bearish price reversal candlesticks pattern formation. It forms at the top of a trend.
Shooting Star xauusd candlesticks pattern formation form at the top of an up trend in the xauusd market where the open gold 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 - MT4 Patterns Gold Lesson
Piercing Line Candle MT4 Patterns XAUUSD Guide
Piercing line candlestick pattern formation is a long black body followed by long white body candle.
The white body pierces the mid-point of previous black body.
This Piercing Line xauusd candlesticks pattern formation is a bullish price reversal candles pattern formation which forms at the bottom of a market downwards trend. It shows that the xauusd market opens lower & closes above the mid-point of the black body.
This Piercing Line xauusd candlesticks pattern displays that the force of the down trend is reducing/decreasing and the xauusd market trend is likely to reverse and move in an upwards direction.
This Piercing Line xauusd candlesticks pattern formation is shown referred to as a piercing line signaling the xauusd market is piercing the bottom illustrating a market floor for the gold price downwards trend.
Piercing Line XAUUSD Candlestick Pattern - MT4 Patterns Gold Lesson
Dark Cloud Cover Candle MT4 Patterns XAUUSD Guide
Opposite of the piercing candle gold trading stick.
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 price reversal trade pattern which forms at the top of an upward trend.
Dark Cloud candlesticks pattern formation displays that the xauusd market opens higher & closes below the mid-point of the white body.
Dark Cloud candlesticks pattern displays that the power of the up trend is reducing/decreasing and the xauusd market trend is likely to reverse and move in a downward gold trading direction.
Dark Cloud candlesticks pattern formation is shown referred to as a cloud cover signaling the cloud as a ceiling for the gold price upwards trend.
Dark Cloud Cover Candle Pattern
Morning Star Candle-stick MT4 Candle Pattern Recognition Gold Guide
Morning Star Candle Pattern - MT4 Patterns Gold Lesson
Evening Star Candle MT4 Patterns XAUUSD Guide
Opposite of morning star candles pattern formation
Evening Star Candle Pattern - MT4 Patterns Gold Lesson
Engulfing Candles Patterns
Engulfing is a reversal candlesticks pattern that can be bearish or bullish depending upon whether it displays up at the end of a market downwards trend or at the end of a market upwards trend.
Bullish and Bearish Engulfing Candles Pattern Setups - MT4 Patterns Gold Lesson
Candle-stick Pattern Setups Tutorial Guide - Candlestick Pattern Setups Lesson
More Courses & Tutorials:
- MACD Analysis Buy & Sell XAU USD Signals
- Learn XAU USD Pattern Tutorial
- Which XAUUSD Candlestick is Bearish?
- How Can I Setup MT4 XAUUSD Platform/Software Guide Course Guide?
- Linear Regression Gold Indicator
