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