XAUUSD Candlestick Patterns Tutorial with Gold Trading Examples
Gold Candlesticks - these candlesticks use the same price data as bar charts (open, high, low, and close). However, these candlesticks resembles a candle with wicks on both ends as opposed to bar charts that resembles bars.
How to Interpret Candles Patterns
The rectangle part of a gold candle-stick is called the body.
The high and low of the candle are described as shadows & drawn as poking lines.
Gold Candlestick Patterns Tutorial with Examples Guide
The color of the candlestick is either blue or red
- (Blue or Green Color) - Gold Prices moved up
- (Red Color) - Gold Prices moved down
Most gold trading platforms like the MT4 gold trading platform, use colors to mark the direction. Colors used are blue or green - green color candlesticks: when price moves up, red color candlesticks: when price moves down.
XAUUSD Candlestick Patterns Tutorial with Examples PDF
XAUUSD Candlestick Patterns Tutorial with XAUUSD Trading Examples
Doji Candlestick Patterns Lesson with Examples Tutorial
This is a gold candle pattern with the same opening and closing xauusd price. There are various types of doji candles pattern that form on Gold charts.
following example explain various patterns of the doji candle:
Long-legged doji candlestick pattern has long upper & lower shadows with opening and closing xauusd price at the middle. When the Long legged doji appears on a Gold Trading chart it indicates indecision between xauusd traders, buyers & the sellers.
Shown Below is example screen-shot image of the Long Legged Doji xauusd candle sticks pattern
Doji XAUUSD Chart Pattern - Doji Candle Patterns Lesson with Examples Tutorial
Doji XAUUSD Chart Pattern - Doji Candle Patterns Lesson with Examples Tutorial
Marubozu Candle Patterns Guide with Examples Guide
Marubozu xauusd candle pattern are long candles that have no upper or lower shadows, Like illustrated below.
Marubozu Candlesticks - Marubozu Candlestick Patterns Guide with Examples Guide
Marubozu gold candlestick pattern 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.
Spinning Tops Candlesticks XAUUSD Candlestick Patterns Tutorial with Examples PDF
Spinning tops gold candlestick pattern have a small body with long upper & lower shadows. These spinning tops candles patterns are referred to by this name because these candles arrangements are similar to spinning top on a match-stick.
The upper & lower shadows of the spinning tops xauusd candlesticks pattern are longer than the body. Examples illustrated and described below shows the spinning top candle pattern. You can look for the pattern in your MT4 Gold Trading Platform gold charts. Examples illustrated and described below shows a screenshot to help traders when it comes to learning and understanding these gold candlestick pattern.
How to Read Gold Candlestick Charts - Spinning Tops Candlestick Patterns Guide with Examples Guide
Color of the spinning top candlestick xauusd candles pattern isn't very important, this pattern explain the indecision between buyers and sellers in Gold Trading market. When these xauusd chart patterns appear at the top of a gold trend or at the bottom of the gold trend it may trading signal that the trend is coming to an end & it might soon reverse and start going the other direction. However, it is better to wait for confirmation trading signals that the direction of a gold has reversed before trading the signal from this gold candlestick pattern formation.
Hammer Candlestick Pattern & Hanging Man Candlestick Patterns Tutorial with Examples PDF
Hammer Candle Pattern and Hanging Man Candlestick Pattern candles look alike but hammer is bullish reversal gold candle pattern & hanging man is a bearish reversal gold candlestick pattern.
Hammer Candle Pattern & Hanging Man Candle Pattern - XAUUSD Candlestick Patterns Guide with Examples Guide
Hammer Candlestick Patterns Tutorial with Examples PDF
Hammer gold candlestick pattern is a potentially bullish gold candlestick pattern that forms during a downwards xauusd trend. It is named so because the xauusd market is hammering out a market bottoms.
Hanging Man Candlestick Patterns Tutorial with Examples PDF
This hanging man candlestick pattern is a potentially bearish gold trading reversal signal which occurs during a upwards xauusd trend. It is named so because it looks like a man hanging on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Candlestick Patterns Tutorial with Examples PDF
This is a bullish reversal candlestick pattern. It forms at the bottoms of a Gold trend.
Inverted hammer candlestick pattern forms at the bottom of a down gold trend and indicates the possibility of reversal of the downwards xauusd trend.
Inverted Hammer Candle Pattern - XAUUSD Candlestick Patterns Guide with Examples Guide
Shooting Star Candle Patterns Tutorial with Examples PDF
Shooting Star is a bearish reversal candle pattern. It occurs at the top of a xauusd trend.
Shooting Star gold candle pattern form at the top of an up gold trend in the xauusd market where the open xauusd price is same as the low & xauusd price then rallied up but was pushed back down to close near the open.
Shooting Star Candlestick - XAUUSD Candlestick Patterns Guide with Examples Guide
Piercing Line XAUUSD Candlestick Patterns Tutorial with Examples PDF
Piercing line candle pattern is a long black body followed by a long white body candlestick.
The white body pierces the midpoint of the prior black body.
This Piercing Line gold candle pattern is a bullish reversal candle pattern that forms at bottom of a market downwards xauusd trend. It shows that the xauusd market opens lower & closes above the midpoint of the black body.
This Piercing Line gold candle pattern shows that the momentum of the down gold trend is reducing and the xauusd market trend is likely to reverse & move in an upwards direction.
This Piercing Line gold candle pattern is shown referred to as a piercing line signifying the xauusd market is piercing the bottoms showing a market floor for the xauusd price downward trend.
Piercing Line XAUUSD Candlestick Pattern - XAUUSD Candlestick Patterns Guide with Examples Guide
Dark Cloud Cover Candle Patterns Tutorial with Examples PDF
Opposite of piercing candlestick xauusd candlestick.
This candle is a long white body followed by a long black body.
Black body pierces the midpoint of the prior white body.
This is a bearish reversal gold pattern that forms at the top of an upwards xauusd trend.
Dark Cloud cover gold candlestick pattern that the xauusd market opens higher & closes below the midpoint of the white body.
Dark Cloud cover gold candle pattern shows that the momentum of the up gold trend is reducing and the xauusd market trend is likely to reverse & move in a downwards gold trading direction.
Dark Cloud cover gold candlestick pattern is shown known as a cloud cover signifying the cloud as a ceiling for xauusd price upwards trend.
Dark Cloud Cover Candle Pattern
Morning Star Candlestick Patterns Tutorial with Examples PDF
Morning Star Candlestick Pattern - XAUUSD Candlestick Patterns Guide with Examples Guide
Evening Star Candle Patterns Tutorial with Examples PDF
Opposite of the morning star candles pattern
Evening Star Candle Pattern - XAUUSD Candlestick Patterns Tutorial with Gold Trading Examples - Candlestick Guide
Engulfing Candles Patterns
Engulfing is a reversal candle pattern which can be bearish or bullish depending upon whether it appears at end of a gold market down gold trend or at the end of a xauusd market upward trend.
Bullish & Bearish Engulfing Candles Patterns - XAUUSD Candlestick Patterns Guide with Examples Guide
XAUUSD Candle Patterns Tutorial - XAUUSD Candlestick Patterns Tutorial PDF
