How Do You Interpret Japanese Candlesticks Patterns?
How to Interpret Japanese Candles Patterns
Gold Candlesticks patterns have different pattern formations which you can learn and use them in trading & identifying trading setups based on the xauusd candles patterns guide explained below.
The tutorials below explain how to identify these xauusd candlesticks patterns and how to trade gold with them.
Doji Gold Candles Signals
Doji is a xauusd candlesticks pattern with the same opening and closing xauusd price. There are various types of doji candles pattern that form on Gold charts.
following example explain various patterns of the doji candle:
Long-legged doji candlesticks pattern has long upper and lower shadows with opening & closing xauusd price at the middle. When the Long-legged doji pops up on a Gold chart it indicates indecision between xauusd traders, buyers & the sellers.
Shown Below is example screen-shot image of the Long Legged Doji xauusd candles pattern
Doji XAUUSD Chart Pattern - Doji Gold Candles Signals
Doji XAUUSD Chart Pattern - Doji Gold Candles Signals
Marubozu XAUUSD Candlesticks Signals
Marubozu xauusd candles pattern are long candlesticks that have no upper or lower shadows, Like illustrated & shown below.
Marubozu Candlesticks - Marubozu Gold Candles Signals
Marubozu xauusd candle-sticks pattern are continuing gold candle-stick patterns which show xauusd price is going to continue in same direction as that of the marubozu candlestick. Marubozu candlesticks pattern can be white/blue or Black/red depending on direction of the trend.
Spinning Tops Candlesticks Gold Candles Signals
Spinning tops xauusd candles pattern have a small body with long upper & lower shadows. These spinning tops candles patterns are referred to by this name because these candles arrangements are similar to spinning top on a match-stick.
The upper & lower shadows of the spinning tops xauusd candlesticks pattern are longer than the body. The xauusd trading example illustrated and explained below shows the spinning top candlesticks pattern. You can look for the pattern in your MetaTrader 4 Gold Trading Platform gold charts. The xauusd example illustrated & explained below shows a screenshot to help traders when it comes to learning & understanding these xauusd candles pattern.
How Do I Read Candlestick Charts - Spinning Tops Gold Candles Signals
Color of the spinning top candlestick xauusd candles pattern isn't very important, this pattern explain the indecision between buyers and sellers in Gold market. When these xauusd chart patterns appear at the top of a gold trend or at the bottom of the gold trend it may trading signal that the trend is coming to an end & it might soon reverse and start going the other direction. However, it is better to wait for confirmation trading signals that the direction of a gold has reversed before trading the signal from this xauusd candlesticks pattern formation.
Hammer Candlestick Pattern and Hanging Man Candle Pattern XAUUSD Candles Signals
Hammer Candle Pattern & Hanging Man Candlestick Pattern candles look alike but hammer is bullish xauusd reversal xauusd candles pattern and hanging man is a bearish xauusd reversalxauusd candle sticks pattern.
Hammer Candle Pattern & Hanging Man Candle Pattern - Gold Candles Signals
Hammer Gold Candles Signals
Hammer xauusd candles pattern is a potentially bullish gold candle pattern that forms during a gold downward trend. It is named so because the xauusd market is hammering out a xauusd market bottom.
Hanging Man Gold Candles Signals
This hanging man candles pattern is a potentially bearish gold reversal signal which occurs during a gold upwards trend. It is named so because it looks like a man hanging on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Gold Candles Signals
This is a bullish gold reversal candlesticks pattern. It forms at the bottoms of a Gold trend.
Inverted hammer candlesticks pattern occurs at the bottom of a downwards gold trend and indicates the possibility of reversal of the downwards Gold trend.
Inverted Hammer Candle Pattern - Gold Candles Signals
Shooting Star Gold Candles Signals
Shooting Star is a bearish gold reversal candlesticks pattern. It forms at the top of a xauusd trend.
Shooting Star xauusd candlesticks pattern form at the top of an upwards gold trend in the Gold market where the open xauusd price is same as the low & xauusd price then rallied up but was pushed back downwards to close near the open.
Shooting Star Candlestick - Gold Candles Signals
Piercing Line Gold Candles Signals
Piercing line candle pattern is a long black body followed by a long white body candlestick.
The white body pierces the midpoint of the prior black body.
This Piercing Line xauusd candlesticks pattern is a bullish gold reversal candlesticks pattern that forms at the bottom of a gold market downward trend. It shows that the xauusd market opens lower & closes above the midpoint of the black body.
This Piercing Line xauusd candlesticks pattern shows that the momentum of the downward gold trend is reducing and the xauusd market trend is likely to reverse & move in an upwards direction.
This Piercing Line xauusd candlesticks pattern is shown referred to as a piercing line signifying the xauusd market is piercing the bottoms showing a gold market floor for the xauusd price downward trend.
Piercing Line Candlestick Pattern - Gold Candles Signals
Dark Cloud Cover XAUUSD Candlesticks Signals
Opposite of piercing candlestick xauusd candlestick.
This candle is a long white body followed by a long black body.
Black body pierces the midpoint of the prior white body.
This is a bearish reversal gold pattern that forms at the top of an upwards xauusd trend.
Dark Cloud cover xauusd candle-sticks pattern shows that the xauusd market opens higher & closes below the midpoint of the white body.
Dark Cloud cover xauusd candlesticks pattern shows that the momentum of the upward trend is reducing & xauusd market trend is likely to reverse & move in a downwards xauusd trading direction.
Dark Cloud cover xauusd candles pattern is shown known as a cloud cover signifying the cloud as a ceiling for xauusd price upwards trend.
Dark Cloud Cover Candle Pattern
Morning Star XAUUSD Candlesticks Signals
Morning Star Candlestick Pattern - Gold Candles Signals
Evening Star XAUUSD Candlesticks Signals
Opposite of the morning star candles pattern
Evening Star Candle Pattern - Gold Candles Signals
XAUUSD Candlesticks Signals
Engulfing is a reversal candlesticks pattern which can be bearish or bullish depending upon whether it appears at end of a gold market downward gold trend or at the end of a xauusd market upward trend.
Bullish & Bearish Engulfing Candles Patterns - Gold Candles Signals
How Do I Read Japanese Candlestick Patterns? - Gold Trading Japanese Candles Patterns Described
How Do I Read Japanese Candles Patterns
