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 should be Blue
For Bearish Engulfing the color of the gold candle 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.