Reversal Gold Candlesticks Chart Patterns

Hammer Bullish XAUUSD Candlesticks Patterns

Reversal xauusd candlesticks patterns occur after an extended prior trend. Therefore, for a xauusd candlesticks pattern to qualify as a reversal xauusd candlesticks pattern there must be a prior trend.

These reversal xauusd candlesticks patterns are:

1. Hammer XAUUSD Candlesticks Pattern and Hanging Man Gold Candlesticks Pattern
2. Inverted Hammer XAUUSD Candlesticks Pattern and Shooting Star Gold Candlesticks Pattern
3. Piercing Line XAUUSD Candlesticks Pattern and Dark Cloud Cover Gold Candlesticks Pattern
4. Morning Star Gold Candlesticks and Evening Star Gold Candlesticks
5. Engulfing Gold Candlesticks Patterns

Hammer XAUUSD Candlesticks Pattern and Hanging Man XAUUSD Candlesticks Pattern XAUUSD Candlesticks

Hammer XAUUSD Candlesticks Pattern and Hanging Man Gold Candlesticks Pattern gold candlesticks look alike but hammer is bullish reversal xauusd candlesticks pattern and hanging man is a bearish reversal xauusd candlesticks pattern.

Hammer XAUUSD Candlesticks Pattern and Hanging Man Gold Candlesticks Pattern Gold Candlesticks

Hammer XAUUSD Candlesticks Patterns

Hammer is a potentially bullish pattern that occurs during a gold downward trend. It is named so because the xauusd market is hammering out a market bottom.

A hammer has:

• A small body
• The body is at the top
• The lower shadow is two or three times the length of the real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body is not important

Hammer Gold Candlesticks

Gold Trading Analysis of Hammer Gold Candlesticks Patterns

The buy gold signal is confirmed when a gold candlesticks closes above the opening xauusd price of the gold candlesticks on the left side of the hammer xauusd candlesticks pattern.

Stop orders should be place a few pips just below the low of the hammer xauusd candlestick.

Inverted Hammer Bullish XAUUSD Candlesticks Patterns

Inverted Hammer XAUUSD Candlesticks Pattern and Shooting Star XAUUSD Candlesticks 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 xauusd market trend (star) or the bottom of a xauusd market trend (hammer).

The difference is that inverted hammer is a bullish reversal xauusd candlesticks pattern while shooting star is a bearish reversal xauusd candlesticks pattern.

Upward Gold Trend Reversal - Shooting Star Gold Candlesticks

Downward Gold Trend Reversal - Inverted Hammer Gold Candlesticks

Inverted Hammer XAUUSD Candlesticks Pattern and Shooting Star Gold Candlesticks Pattern Gold Candlesticks Chart Patterns

Inverted Hammer XAUUSD Candlestick

This is a bullish reversal xauusd candlesticks pattern. It occurs at the bottom of a Gold trend.

Inverted hammer occurs at the bottom of a downward gold trend and indicates the possibility of reversal of the downward xauusd trend.

Inverted Hammer Gold Candlestick

Gold Trading Analysis of Inverted Hammer Gold Candlestick

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

Stop orders for the buy xauusd trades should be placed a few pips below the lowest xauusd price on the recent low.

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