Reversal Gold Candlestick Patterns - Dark Cloud Cover XAUUSD Candlestick Pattern

Dark Cloud Cover XAUUSD Candlestick Pattern

Dark Cloud Cover Gold Candlestick Pattern is the opposite of piercing candlestick pattern.

Dark cloud cover candlestick pattern is a long white body followed by a long black body.

The black body pierces the midpoint of the prior white body.

Dark cloud cover candlestick pattern is a bearish reversal candlestick pattern that occurs at the top of a xauusd upward trend.

Dark cloud cover candlestick pattern shows that the xauusd market opens higher and closes below the midpoint of the white body.

Dark cloud cover candlestick pattern shows that the momentum of the xauusd up trend is reducing and the xauusd market xauusd trend is likely to reverse and move in a downward direction.

Dark cloud cover candlestick pattern is shown known as a cloud cover - signifying the cloud as a ceiling for the gold price upward trend.

Dark Cloud Cover Gold Candlestick Pattern - How to Trade Dark Cloud Cover XAUUSD Candlesticks Patterns - How to Analyze Dark Cloud Cover XAUUSD Candlesticks Pattern

Technical Analysis Dark Cloud Cover XAUUSD Candlestick Pattern

A sell xauusd signal is confirmed once gold price closes below the neckline which is the opening of the candlestick on the left of this Dark cloud cover candlestick pattern.

This is a bearish candlestick pattern setup and gold price should continue moving downwards and for a xauusd trader who puts a sell xauusd trade should also put stop loss xauusd orders just above the highest gold price level.