Dark Cloud Cover Bearish Gold Candles Pattern

Dark Cloud Cover Candle Pattern

Dark Cloud Cover Candle Pattern is the opposite of piercing candle pattern.

Dark cloud cover candle pattern is a long white body followed by a long black body.

Black body pierces the midpoint of the prior white body.

Dark cloud cover candlestick pattern is a bearish reversal candlestick pattern that forms at the top of a upward xauusd trend.

Dark cloud cover candlestick pattern shows that the xauusd market opens higher & closes below the midpoint of the white body.

Dark cloud cover candlestick 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 direction.

Dark cloud cover candlestick pattern is shown known as a cloud cover - signifying the cloud as a ceiling for the xauusd price upwards trend.

Dark Cloud Cover Candle Pattern - How to Trade Dark Cloud Cover Candles Patterns - How to Analyze Dark Cloud Cover Candlesticks Pattern

Technical Analysis Dark Cloud Cover Candle Pattern

A sell signal is confirmed once xauusd price closes below neckline which is the opening of the candle on the left of this Dark cloud cover candlestick pattern.

This is a bearish candlestick pattern setup and xauusd price should continue moving downwards and for a trader who puts a sell gold trade should also put stop loss orders just above the highest xauusd price region.