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