Candlesticks Chart Patterns

XAUUSD Candlesticks Consolidation Pattern and XAUUSD Candlesticks Continuation Pattern

Depending on the size and shape of a XAUUSD candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine underlying weakness of the buyers & sellers.

Long Body XAUUSD Candlesticks

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candle.

When xauusd price makes a huge move from the opening xauusd price to the closing xauusd price it shows the strength of buyers/sellers.

Long Blue Candles - Strength of Buyers

Long Red Candlesticks - Strength of Sellers

Long Body Candlesticks

Short Body Candlesticks

Candlesticks with short bodies show that there were not so many buyers/sellers and the xauusd price did not move much from the opening xauusd price to the closing xauusd price.

These show that the buyers/sellers were not very strong.

Short Body Candlesticks

Marubozu Candlestick

Marubozu are long candlesticks that have no upper or lower shadows, Like illustrated below.

Marubozu XAUUSD Candlesticks

Marubozu are continuing candle-stick patterns which show xauusd price is going to continue in same direction as that of the marubozu candlestick. The marubozu can be white/blue or Black/red depending on the direction of the trend.

Marubozu XAUUSD Candlesticks

White marubozu - the open is also the low & the close is also the high.

Marubozu means there were no retracements during that xauusd price period & therefore shows that buyers were in total control of the xauusd price.

White Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in same upward gold trend direction.

Black marubozu - the open is also the high & the close is also low.

Marubozu means there were no retracements and therefore shows that sellers were in total control of the xauusd price.

Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downward gold trend direction.