How Do XAUUSD Chart Patterns Work?

Chart patterns work by analyzing the supply and demand of gold in the xauusd market by using commonly repeated xauusd trading chart patterns.

Does XAUUSD Chart Pattern Technical Analysis Work?

These XAUUSD Chart Patterns are classified into Three different categories:

1. Reversal Chart Patterns

Double Top Patterns

Double Bottoms Patterns

Head & Shoulders Patterns

Reverse Head and Shoulders Patterns

2. Continuation Chart Patterns

Ascending Triangle Patterns

Descending Triangle Chart Patterns

Bull Flag/Pennant Patterns

Bear Flag/Pennant Patterns

3. Bilateral Gold Chart Patterns

Symmetric Triangle - Consolidation Patterns

Rectangle - Range Gold Chart Patterns

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

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

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

Gold Chart Patterns Lessons