Trading XAUUSD Determine if a Gold Trend is Reversed
To determine is a gold trend has reversed gold traders will use reversal patterns & reversal candles patterns.
Once these reversal chart patterns & reversal candlesticks form on the gold charts traders will wait for these reversal gold patterns to be confirmed & once these reversal gold patterns are confirmed then the gold trend will be interpreted to have reversed.
If these reversal chart patterns are not confirmed then what it means is that the current gold market trend is still intact and the xauusd prices might continue moving in same direction as that of the xauusd trend.
Gold traders should wait until a reversal gold signal is confirmed so as to determine that the gold trend reversal has been completed. Once the gold trading reversal signal is confirmed on the gold chart traders can then open xauusd trades based on this gold trend reversal signal.
Reversal Candles Patterns are:
Japanese Candles
Reversal Chart Patterns are:
Gold Chart Patterns Lessons
