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Trading Reversal Gold Chart Patterns and Continuation Gold Chart Patterns

Gold Chart Patterns - XAUUSD Technical Analysis Gold Chart Patterns XAUUSD Strategies

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


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


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


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


Traders often study these Gold Chart Patterns formations to gauge supply and demand forces that form the basis for gold price fluctuations.


These Gold Chart Patterns are classified into 3 different categories:


1. Reversal Gold Chart Patterns


  • Double tops Gold Chart Patterns


  • Double bottoms Gold Chart Patterns


  • Head and shoulders Gold Chart Patterns


  • Reverse head and shoulders Gold Chart Patterns



2. Continuation Gold Chart Patterns


  • Ascending triangle Gold Chart Patterns


  • Descending triangle Gold Chart Patterns


  • Bull flag/pennant Gold Chart Patterns


  • Bear flag/pennant Gold Chart Patterns



3. Bilateral


  • Symmetric triangle - Consolidation Gold Chart Patterns


  • Rectangle - Range Gold Chart Patterns



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


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


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



Technical Gold Chart Analysis of Gold Chart Patterns

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





  • Gold Chart Patterns - Study of a series of xauusd 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 XAUUSD Candlesticks















Gold Chart Patterns Tutorials










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


Candlesticks Patterns - Study of a single candlestick

XAUUSD Technical Analysis of XAUUSD Candlesticks Patterns



Gold Chart Patterns - Study of a series of xauusd candlesticks

Gold Chart Analysis of Gold Chart Patterns


 

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Metals Symbols

Precious Metal Symbol:
Gold - XAUUSD, Silver - XAGUSD, Platinum - XPTUSD, Palladium - XPDUSD

Metal Symbol:
Copper - XCUUSD, Zinc - XZNUSD, Nickel - XNIUSD, Lead - XPBUSD, Aluminium - XALUSD