Trading Reversal Chart Patterns & Continuation Chart Setup Patterns

Gold Chart Patterns - Gold Analysis Chart Patterns XAUUSD Strategies

Gold chart patterns are graphical illustrations of repeating price action formations that are commonly used in the market.

Gold Patterns is one of the studies used in trading analysis to help traders learn how to recognize these repeating Chart Patterns formations.

These Patterns are important in trade because when the market is not heading in a particular direction it is forming a chart pattern. It is important to know these Chart Patterns patterns so that to have an idea of what may be the next move in the market.

When price movements are drawn there are several Chart Patterns patterns that occur naturally & repeat themselves over & over again. These Chart Patterns patterns are used by a lot of technical traders to predict the next market move.

Traders often analyze these Chart Patterns patterns to measure supply & demand forces which form the basis for price fluctuations.

These Gold Setup Patterns are classified in to 3 different categories:

1. Reversal Patterns

• Double tops Gold Setup Patterns

• Double bottom Gold Patterns

• Head & shoulders Gold Setup Patterns

• Reverse head & shoulders Gold Patterns

2. Continuation Chart Setups

• Rising triangle Gold Setup Patterns

• Falling triangle Gold Setup Patterns

• Bull flag/pennant Gold Patterns

• Bear flag/pennant Gold Setup Patterns

3. Bilateral

• Symmetric triangle - Consolidation Chart Setups

• Rectangle - Range XAUUSD Patterns

Reversal patterns - Gold Setup Patterns - confirm the reversal of the market trend once this reversal chart setup is confirmed. These Reversal Chart Patterns are formed after extended trend either upwards or downwards & these reversal patterns signal that the market is ready to reverse.

Continuation patterns Gold Setup Patterns - are formations that set up the market for a trend continuation move in direction of previous trend. These Continuation Chart Patterns are formed when the market is taking a break prior to continuing in same direction of previous XAUUSD trend.

Consolidation patterns Gold Setup Patterns - form when the market is taking a break before deciding next direction to head. When these Consolidation Chart Patterns are formed - the market is trying to figure out what direction to trade.

Technical Chart Analysis of Setups

There are two types of chart analysis, these two may seem similar but are not: the two are:

• Japanese Candlesticks - Study of a single candlestick - Read Japanese Candles Patterns

• Gold Patterns - Study of a series of candlesticks formations

(This learn xauusd tutorial is about the second option above - Gold Chart Patterns)

The different topics for these two types xauusd analysis are:

Japanese Gold Candles

• 39. Marubozu Candle Pattern and Doji Candle Pattern

• 40. Spinning Tops Candles Setup Patterns

• 41. Reversal Candles Setup Patterns

• 42. Inverted Hammer Candlestick Pattern & Shooting Star Candles Setup Patterns

• 43. Piercing Line Candlestick Pattern & Dark Cloud Cover Candles Setup Patterns

• 44. Morning Star Candlestick & Evening Star Candlestick Setup Patterns

Gold Setup Patterns Guides

• 53. Double Top and Double Bottoms Setups

• 54. Continuation Chart Setups

• 55. Consolidation Chart Setups

• 56. Head & Shoulders Chart Patterns and Reverse Head and Shoulders Setups

The examples below also illustrate the difference of the arrangements of these two technical analysis methods.

Candles - Study of a single candle

Gold Chart Patterns - Study of a series of trading candlestick s

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