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What is an Engulfing Candles Patterns?

What Does Engulfing Candlestick Mean? Engulfing Candle Definition

The Engulfing candles setup is a reversal candle pattern that can indicate either bullish or bearish signals, depending on whether it appears at the end of a downward or upward market trend.

XAUUSD Engulfing Candle Patterns - Engulfing Candlestick Setups for Gold

What is an Engulfing Candlesticks Patterns in Gold Trading?

Bullish & Bearish Engulfing Candles Setups

Color of the first candle reflects gold trend of the day.

The second candlestick in the pattern must entirely engulf the first one, and its color should indicate the opposite prevailing market trend.

For a Bullish Engulfing candlestick pattern to be confirmed, the body of the candle must be colored Blue.

For Bearish Engulfing candlestick setups, the candle should be colored red.

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