What Patterns are used?
Most Gold Traders use the xauusd chart patterns to try and find the direction of the trend.
There are 3 main categories of xauusd chart patterns - Continuation Chart Patterns, Consolidation Chart Patterns and Reversal Chart Patterns.
Under each category there are other xauusd chart patterns and each of these have different types of xauusd chart analysis.
The most common gold patterns used in gold trading are:
Continuation Gold Patterns
Ascending Triangle Gold Patterns
Descending Triangle Gold Patterns
Consolidation XAUUSD Patterns
Reversal Gold Patterns
Head and Shoulders Gold Patterns
Reverse Head and Shoulders Gold Patterns
What Patterns are used in Gold Trading? - The 9 Different XAUUSD Chart Patterns with Examples