Trading Reversal Chart Patterns & Continuation Chart Setup Patterns

Gold Patterns - Gold Analysis 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 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 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 that occur naturally & repeat themselves over & over again. These Chart patterns are used by a lot of technical traders to predict the next price move.

Traders often analyze these Chart 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 trade patterns signal that the market is ready to reverse.

Continuation patterns Gold Setup Patterns - are formations which setup the market for a trend continuation move in direction of previous market trend. These Continuation Patterns form when the market is taking a pause prior to continuing in same direction of previous XAUUSD trend.

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