Trade Gold Trading

What's a Candlesticks Chart in Gold Trading?

Types of Charts in XAUUSD Trading

There are 3 types of charts used in Gold: Line charts, bar charts & candlesticks charts.

Candle Sticks Charts - the candlesticks charts use the same xauusd price data as that of bar charts (open, high, low, and close). However, they in a much more easily identifiable way which looks like a candle with wicks on both ends.

How to Read XAUUSD Candlestick Charts

The rectangle part is known as the body.

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

What is Gold Candlestick Chart in XAUUSD Trading? - What are the Different Types of Charts in Gold Trading?

How to Read Gold Candlestick Charts - What is a Candlesticks Chart in Gold Trading?

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

  • (Blue or Green Color candlestick) - Gold Prices moved up
  • (Red Color candle) - Gold Prices moved down

Most trading platforms like the MetaTrader 4 Gold Trading Platform , use colors to mark the direction. Colors used are blue or green: - green candle-stick when price moves up, red candle stick when price moves down.

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