Inverted Hammer Bearish XAUUSD Candlesticks Pattern

Inverted Hammer Bullish XAUUSD Candlesticks Patterns

Inverted Hammer Candlesticks Pattern & Shooting Star Candles Pattern gold candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a gold trend (star) or the bottom of a gold trend (hammer).

Difference is that inverted hammer candlesticks pattern is a bullish reversal candlesticks pattern while shooting star candlesticks pattern is a bearish reversal candles pattern.

Upward Gold Trend Reversal - Shooting Star Gold Candles Pattern

Downward Gold Trend Reversal - Inverted Hammer Gold Candles pattern

Inverted Hammer Candlesticks Pattern & Shooting Star Candles Pattern Gold Candlesticks Chart Patterns

Inverted Hammer Candles Pattern

Inverted Hammer Candles Pattern is a bullish reversal candlesticks pattern. It forms at the bottoms of a Gold trend.

Inverted hammer candlesticks pattern occurs at the bottom of a downwards trend and indicates the possibility of reversal of the downwards xauusd trend.

Inverted Hammer Candle Pattern - How to Trade Inverted Hammer Candles Patterns - Gold Trading Analysis of Inverted Hammer Candlesticks Pattern

Gold Trading Analysis of Inverted Hammer Candles Pattern

A buy is confirmed when a gold candlesticks closes above the neckline of the inverted hammer candlesticks pattern, this is the opening xauusd price of the gold candlesticks on the left side of this inverted hammer candlesticks pattern. The neckline point in this case forms the resistance level.

Stop loss orders for the buy xauusd trades should be placed a few pips below the lowest xauusd price on the recent low of this inverted hammer candle sticks pattern.

An inverted hammer is named so because it signifies that the xauusd market is hammering out a bottoms.