Hammer Bullish Gold Candlesticks Pattern

Hammer Bullish XAUUSD Candlesticks Pattern

Reversal candlesticks patterns occur after an extended prior trend. Therefore, for a candlesticks pattern to qualify as a reversal candlesticks pattern there must be a prior trend.

These reversal candlesticks patterns are:

1. Hammer XAUUSD Candlesticks Pattern and Hanging Man XAUUSD Candlestick Pattern
2. Inverted Hammer XAUUSD Candlesticks Pattern and Shooting Star XAUUSD Candlestick Pattern
3. Piercing Line Gold Candlestick Pattern and Dark Cloud Cover XAUUSD Candlestick Pattern
4. Morning Star Candlesticks and Evening Star Candlesticks
5. Engulfing Gold Candlesticks Patterns

Hammer XAUUSD Candlesticks Pattern and Hanging Man XAUUSD Candlestick Pattern

Hammer XAUUSD Candlesticks Pattern and Hanging Man XAUUSD Candlestick Pattern candlesticks look alike but hammer candlesticks pattern is bullish reversal candlesticks pattern and hanging man is a bearish reversal candlestick pattern.

Hammer XAUUSD Candlesticks Pattern and Hanging Man XAUUSD Candlestick Pattern

Hammer XAUUSD Candlesticks Patterns

Hammer Gold Candlesticks Pattern is a potentially bullish candlestick pattern that occurs during a gold downward xauusd trend. It is named so because the xauusd market is hammering out a market bottom.

A hammer candlestick pattern has:

• A small body
• The body is at the top
• The lower shadow is two or three times the length of the real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body is not important

Hammer Candlesticks

Technical Analysis of Hammer Gold Candlesticks Pattern

The buy gold signal is confirmed when a candlestick closes above the opening xauusd price of the candlestick on the left side of the hammer candlesticks pattern.

Stop loss orders should be place a few pips just below the low of the gold trading hammer candlestick pattern.