Engulfing XAUUSD Candle Rules
Engulfing Candle Pattern
Engulfing Candle Pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a gold down trend or at the end of a gold upwards trend.
Bullish Engulfing Candle Pattern - Bearish Engulfing Candlestick Pattern
Technical Analysis of
Color of the first gold candle indicates gold trend of the day.
The second gold candlestick should completely engulf the first xauusd candlestick & it should have the opposite color.
For Bullish Engulfing the color of the gold candle-stick should be Blue
For Bearish Engulfing the color of the gold candle-stick should be Red
Engulfing Gold Candle Trading Strategy - Engulfing XAUUSD Candle Rules - Bullish XAUUSD Candle Patterns Tutorial - Types of Engulfing Gold Candle Indicator Patterns - Bearish Engulfing Candles Pattern in an Up Gold trend - Bullish Engulfing Candles Pattern in an Downtrend
Evening Star Candlestick Pattern
Morning Star Candlestick Pattern
Morning Star Candlestick Pattern
Morning Star Candle Pattern
Morning star is a three day bullish reversal candlestick pattern.
The first day is a long black xauusd candle.
The second day is a morning star which gaps away from the long black xauusd trading candlestick.
Third day is a long white xauusd candlestick which fills the gap.
The filling of the gap & closing of the white gold candle above the gap is a strong bullish xauusd trading signal.
Traders should open a buy gold trade after market xauusd price closes above the gap formation of morning star candlestick pattern. This is the confirmation signal of a buy signal generated by this xauusd trading candlesticks pattern.
Evening Star Candlestick Pattern
Opposite of the morning star
Evening Star Candlestick Pattern
Evening Star Candle Pattern
Evening star is a 3 day bearish reversal candle pattern.
First day is a long white xauusd trading candlestick.
Second day is the evening star that gaps away from the long white candlestick.
Third day is a long black xauusd candle which fills the gap.
The filling of the gap & closing of the black gold candle below the gap is a strong bearish xauusd trading signal.
Traders should open a sell gold trade once the xauusd market closes below the gap formation of the evening star candle pattern. This is the confirmation signal of a sell signal generated by this xauusd trading candle pattern.
