Shooting Star Gold Candlesticks Pattern

Shooting Star XAUUSD Candlesticks Pattern

Shooting Star XAUUSD Candlesticks Pattern is a bearish reversal xauusd candlesticks pattern. It forms at the top of a xauusd trend.

Shooting Star Gold Candlesticks Pattern occurs at the top of a gold upward gold trend where the open xauusd price is the same as the low - and xauusd price then rallied up but was pushed back down to close near the open.

Shooting Star Gold Candlesticks Pattern Reversal Gold Candlesticks Chart Patterns: Bearish Gold Candlesticks Patterns

Gold Trading Analysis of Shooting Star Gold Candlesticks Patterns

A sell is confirmed when a gold candlesticks closes below the neckline of this shooting star xauusd candlesticks pattern, this is the opening of the gold candlesticks on the left side of this xauusd candlesticks pattern. The neckline in this case is a support level.

Stop loss orders for the sell xauusd trades should be placed a few pips above the highest xauusd price on the recent high.

The Shooting Star gold candlesticks is named so because at the top of an upward gold trend this xauusd candlesticks pattern resembles a shooting star up in the sky.