Trading Reversal Patterns & Continuation Chart Patterns

Gold Patterns - Gold Trading Analysis Chart Patterns Gold Trading Strategies

Xauusd chart patterns are graphical representations of repeating xauusd price action formations that are commonly used in the xauusd trading market.

Gold Chart Patterns is one of the studies used in xauusd trading analysis to help gold traders learn how to recognize these repeating XAUUSD Chart Patterns formations.

These XAUUSD Chart Patterns are important in gold trading because when the xauusd market is not moving in a particular direction it is forming a xauusd chart pattern. It is important to know these XAUUSD Chart Patterns formations so as to have an idea of what might be the next move in the xauusd trading market.

When xauusd price movements are drawn there are several XAUUSD Chart Patterns formations that occur naturally and repeat themselves over and over again. These XAUUSD Chart Patterns formations are used by a lot of xauusd trading technical traders to predict the next gold market move.

Traders often study these XAUUSD Chart Patterns formations to gauge supply and demand forces that form the basis for xauusd price fluctuations.

These XAUUSD Chart Patterns are classified into Three different categories:

1. Reversal Trading Patterns

• Double tops Gold Chart Patterns

• Double bottoms Gold Chart Patterns

• Head and shoulders Gold Chart Patterns

• Reverse head and shoulders Gold Chart Patterns

2. Continuation Trading Patterns

• Ascending triangle Gold Chart Patterns

• Descending triangle Gold Chart Patterns

• Bull flag/pennant Gold Chart Patterns

• Bear flag/pennant Gold Chart Patterns

3. Bilateral

• Symmetric triangle - Consolidation Patterns

• Rectangle - Range Gold Chart Patterns

Reversal patterns - Gold Chart Patterns - confirm the reversal of the xauusd market trend once this reversal chart pattern setup is confirmed. These Reversal Chart Patterns are formed after extended gold market trend either upwards or downward & these reversal gold patterns signal that the xauusd market is ready to reverse.

Continuation patterns Gold Chart Patterns - are formations that set up the xauusd market for a gold trend continuation move in direction of the prior Gold trend. These Continuation Chart Patterns are formed when the market is taking a break before continuing in same direction of the previous Gold trend.

Consolidation patterns Gold Chart Patterns - form when the xauusd market is taking a break before deciding the next direction to take. When these Consolidation Chart Patterns are formed - the xauusd market is trying to decide what direction to trade.

Technical XAUUSD Chart Analysis of XAUUSD Chart Patterns

There are two different types of gold chart analysis, these 2 might seem similar but are not: the 2 are:

• Japanese Candlesticks Patterns - Study of a single candlestick - Read Japanese Candlesticks Patterns

• Gold Chart Patterns - Study of a series of gold candlesticks formations

(This learn gold trading tutorial is about the second option above - Gold Chart Patterns)

The different topics for these two types xauusd trading analysis are:

Japanese XAUUSD Candles

• 39. Marubozu Candlestick Pattern & Doji Candle Pattern

• 40. Spinning Tops Candles Patterns

• 41. Reversal Candles Patterns

• 42. Inverted Hammer Candle Pattern & Shooting Star Candles Patterns

• 43. Piercing Line Gold Candle Pattern & Dark Cloud Cover Candles Patterns

• 44. Morning Star Candles & Evening Star Candles Patterns

Gold Chart Patterns Lessons

• 53. Double Top & Double Bottom Patterns

• 54. Continuation Trading Patterns

• 55. Consolidation Chart Patterns

• 56. Head and Shoulders Patterns & Reverse Head and Shoulders Patterns

The examples below also illustrate the difference of the arrangements of these two xauusd trading analysis methods.

Candlesticks Patterns - Study of a single candle

Gold Chart Patterns - Study of a series of gold candles