Gold Trading Strategies using Gold Price Action Patterns with Moving Averages Gold Price Action Patterns Indicator
One of the gold trading strategies using xauusd price action patterns is use of Pin Bar Pattern. A pin bar is a reversal xauusd price action trading setup on a gold chart which shows an obvious change in xauusd market sentiment during that period.
This pin bar xauusd price action trading strategy is a candlestick that has a long tail with the closing xauusd price near the open.
The pin-bar candlestick xauusd price action setup looks like a pin thus the name Pin Bar - occurs after an extended move upwards or downward.
How to Trade XAUUSD Price Action Pattern with Moving Averages XAUUSD Price Action Patterns Indicator
Pin bar pattern xauusd price action reversal gold signal is confirmed after xauusd price closes below the candle that precedes this xauusd price action setup.
The gold pin bar xauusd price action pattern example illustrated and explained below is confirmed after the price closes below the blue candle that preceded this xauusd price action pin bar setup.
How to Trade Gold Price Action Pattern with Moving Averages Gold Price Action Patterns Indicator
Combining Pin Bar XAUUSD Price Action Pattern with Moving Averages:
Pin bar xauusd price action reversal set up can be combined with other xauusd price action patterns technical indicators that can be used together with this xauusd price action reversal setup to generate buy or sell xauusd trades.
Combining Pin Bar Gold Price Action Pattern with Moving Averages Technical Indicator
