Evening Star Candle Pattern
Morning Star Bullish XAUUSD Candle Patterns
Morning Star Candlestick Pattern
Morning Star Candle Pattern
Morning Star Candle Pattern
Morning star is a three day bullish reversal gold pattern.
The first day is a long black candle.
The second day is a morning star which gaps away from the long black candlestick.
Third day is a long white candle which fills the gap.
The filling of the gap & closing of the white candle above the gap is a strong bullish Gold signal.
Traders should open a buy gold trade after market xauusd trading price closes above gap formation of the morning star. This is the confirmation signal of a buy signal generated by this Morning Star Candlestick pattern.
Evening Star Candlestick Pattern
Opposite of the morning star
Evening Star Candlestick Pattern
Evening Star Candlestick Pattern
Evening star is a three day bearish reversal gold pattern.
First day is a long white candlestick.
Second day is the evening star that gaps away from the long white candlestick.
Third day is a long black candle which fills the gap.
The filling of the gap & closing of the black candlestick below the gap is a strong bearish Gold signal.
Traders should open a sell gold trade once the xauusd market closes below the gap formation of the evening star candle pattern. This is the confirmation signal of a sell signal generated by this Evening star candle pattern.
Engulfing Pattern
Engulfing is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a market down gold trend or at the end of a market upward xauusd trend.
Bullish & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
Color of the first candlestick indicates gold trend of the day.
The second candlestick should completely engulf the first candle & it should have the opposite color.
For Bullish Engulfing the color of the candlestick should be Blue
For Bearish Engulfing the color of the candlestick should be Red
