What Patterns are used?
Most Gold Traders use the xauusd patterns to try and find the direction of the trend.
There are 3 main categories of xauusd chart patterns - Continuation Patterns, Consolidation Patterns & Reversal Patterns.
Under each category there are other xauusd patterns & 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 & Shoulders Gold Patterns
What Patterns are used in Gold Trading? - The 9 Different XAUUSD Patterns with Examples