What is Marubozu Candlestick in Gold? What is Marubozu Candles Pattern in Gold Trading?

What Does Marubozu Candlestick Mean? Marubozu Candle Definition

Marubozu candlesticks patterns are long candles that have no upper or lower shadows, Like illustrated below.

What is Marubozu Candlestick in Gold Trading? Marubozu Candles Patterns

Marubozu candlesticks patterns are continuing gold candle-stick patterns which show xauusd price is going to continue in same direction as that of the marubozu candlestick. Marubozu candlesticks pattern can be white/blue or Black/red depending on direction of the trend.

XAUUSD Candlesticks Patterns

White marubozu candlesticks patterns - the open is also the low and the close is also the high.

Marubozu xauusd candles patterns means there were no retracements during that xauusd price period & therefore shows that buyers were in total control of the xauusd price.

White Marubozu candles pattern is a continuation pattern meaning that the next candlestick is likely to continue in same upwards gold trend direction.

Black marubozu candlesticks patterns - the open is also the high & the close is also low.

Marubozu candlesticks patterns means there were no retracements and therefore shows that sellers were in total control of the xauusd price.

Black Marubozu xauusd candlesticks pattern is a continuation pattern meaning that the next candlestick is likely to continue in same downwards gold trend direction.