What are Chart Patterns?

Chart patterns in gold trading are commonly occurring repeating patterns that form on price charts and these chart patterns are used to analyze the price movement so as to attempt to predict the next direction of price based on the study of these commonly repeating trading chart patterns.

What are the Common Patterns?

The common Chart patterns are classified into Three different categories:

1. Reversal Candle-sticks Patterns

• Double tops Gold Candle-stick Patterns

• Double bottom Gold Candle-stick Patterns

• Head and shoulders Gold Candle-stick Patterns

• Reverse head & shoulders Gold Candle-stick Patterns

2. Continuation Candle-sticks Patterns

• Ascending triangle Candle-stick Patterns

• Descending triangle Candle-stick Patterns

• Bull flag/pennant Candle-stick Patterns

• Bear flag/pennant Candle-stick Patterns

3. Bilateral Candle-sticks Patterns

• Symmetric triangle - Consolidation Candle-stick Patterns

• Rectangle - Range Candle-stick Patterns

Candle Chart Patterns Gold Trading