Trade Gold Trading

Predict Trend Reversal

One can use price action gold setups to predict a trend reversal.

The price action patterns used to predict a market trend reversal are:

  1. Double Tops
  2. Double Bottoms
  3. Head & Shoulders Pattern
  4. Reverse Head & Shoulders Pattern

Traders also possess the option to leverage candlestick patterns that signify market reversals. These reversal structures encompass:

  1. Doji
  2. Hammer Candle Pattern and Hanging Man Candle Pattern
  3. Inverted Hammer Candle-stick Pattern & Shooting Star Candle Pattern
  4. Piercing Line Candle-stick Pattern and Dark Cloud Cover Candle
  5. Morning Star Candles and Evening Star Candles
  6. Engulfing Candlesticks Patterns

These formations, which include reversal price action patterns and candlestick pattern setups, are employed to assess the underlying momentum of the market trend.

The reversal patterns can be considered as either bullish reversal patterns or bearish reversal patterns.

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