What's Candlesticks Charts?

Types of Gold Charts

There are three types of xauusd charts: Line gold chart, bar chart & candle stick chart.

Candle Sticks Charts - the xauusd candlesticks charts use the same price data as xauusd bar charts (open, high, low, and close). However, they represent the charts in a much more easily identifiable way which resembles a candle with wicks on both ends.

How to Read Candlesticks Charts

The rectangle part of the candle is called the body.

The high and low are described as shadows and are drawn as poking lines.

Different Types of Gold Charts - Types of XAUUSD Charts and How to Read Them

The color of the gold trading candle-stick is either blue or red

• (Blue or Green Color candlestick) - XAUUSD price moved up
• (Red Color candlestick) - XAUUSD price moved down

Most xauusd trading platforms like the MetaTrader 4 software, use colors to mark the direction of the gold price. Colors used are blue or green: - green xauusd candle-stick when price moves up, red xauusd candle stick when price moves down.

What's Line Charts?

A line chart in XAUUSD Trading draws the closing gold price of a xauusd and connects this closing gold price to the closing gold price of the next trading period hence forming a continuous xauusd line chart which draws the movement of gold price movement.

Line Chart - plots a continuous line connecting closing gold prices of a on the gold price chart.

Different Types of Gold Charts - Types of XAUUSD Charts and How to Read Them

What's Bar Charts?

Bar Charts are charts representation of the gold price displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. Opening gold price is displayed as a horizontal dash on the left & closing gold price as a horizontal dash on the right.

Different Types of Gold Charts - What is a Bar Charts