Dark Cloud Cover Bearish Gold Candlesticks Pattern

Dark Cloud Cover XAUUSD Candlestick Pattern

Dark Cloud Cover XAUUSD Candlestick Pattern is the opposite of piercing candlestick pattern.

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

The 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 gold upward xauusd trend.

Dark cloud cover candlestick pattern shows that the xauusd market opens higher and 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 and move in a downward direction.

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

Dark Cloud Cover XAUUSD Candlestick Pattern - How to Trade Dark Cloud Cover Gold Candlesticks Patterns - How to Analyze Dark Cloud Cover Gold Candlesticks Pattern

Technical Analysis Dark Cloud Cover XAUUSD Candlestick Pattern

A sell gold signal is confirmed once xauusd price closes below the neckline which is the opening of the candlestick 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 gold trader who puts a sell gold trade should also put stop loss gold orders just above the highest xauusd price level.