XAUUSD Chart Patterns Strategy

Gold Trading chart patterns are chart representations of repeating xauusd price action pattern formations that are commonly used in the Gold Trading market.

Gold Trading chart patterns is one of the studies used in technical analysis to help gold traders learn how to recognize these repeating xauusd chart patterns formations.

Gold Trading chart patterns are important in gold trading because when the xauusd market is not moving in a particular direction it is forming a Gold Trading chart pattern. It is important to know these formations so as to have an idea of what might be the next move in the xauusd trading market.

When xauusd price movements are drawn there are several formations that occur naturally and repeat themselves over and over again. These Gold Trading chart patterns formations are used by a lot of technical xauusd traders to predict the next xauusd trading market movement.

Traders often study these Gold Trading chart patterns formation to analyze supply and demand forces that form the basis for xauusd price fluctuations of a particular gold.

These Gold Trading chart patterns are classified into Three different categories:

1. Reversal Trading Patterns

Double Top Patterns

Double Bottoms Patterns

Head & Shoulders Patterns

Reverse Head and Shoulders Patterns

2. Continuation Chart Patterns

Ascending Triangle Patterns

Descending Triangle Chart Patterns

Bull Flag/Pennant Patterns

Bear Flag/Pennant Patterns

3. Bilateral Gold Chart Patterns

Symmetric Triangle - Consolidation Patterns

Rectangle - Range Gold Chart Patterns

Reversal Patterns confirm the reversal of the xauusd market trend once this reversal chart patterns setup is confirmed. These reversal chart patterns are formed after extended market gold trend either upward or downward & these patterns trading signal that the xauusd market trend is ready to reverse.

Continuation Patterns are arrangements that set up the xauusd market for a gold trend continuation move in direction of the prior Gold trend. These continuation patterns are formed when the Gold Trading market is taking a break before continuing in same direction of the previous Gold trend.

Consolidation Chart Patterns form when the xauusd market is taking a break before deciding the next direction to take. When these consolidation chart patterns are formed the xauusd market is trying to decide what direction to trade.

Gold Chart Patterns Lessons