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