Gold Candle Patterns for Day Trading
Drawing XAUUSD Candlesticks on MetaTrader 4
To draw these xauusd candlesticks on the MetaTrader 4, select the charts drawing tools within the "MT4 Tool-bar" - shown below.
To view this tool-bar in MT4 go to 'View' Next to file at top left corner of MetaTrader 4 Platform, Click 'View', Then Click 'Tool bars', Then check the 'Charts' Button. The above toolbar will appear.
Once the above toolbar, appears you can then select the type you want to convert to, If you want to trade using the bar charts, click the bar tool button as shown above, for line charts click the line tool button, for Japanese candlesticks patterns format click the "candlesticks charts tool button".
XAUUSD Candles Guide
Doji XAUUSD Candlesticks Guide
This is a xauusd candlestick pattern with the same opening & closing gold price. There are various types of doji candlesticks pattern which form on XAUUSD charts.
following example show various patterns of the doji candle-stick:
Long-legged doji candle pattern has long upper & lower shadows with the opening and closing gold trading price at the middle. When Long-legged doji appears on a XAUUSD chart it indicates indecision between gold traders, buyers & sellers.
Below is an example screenshot image of the Long Legged Doji gold trading candle sticks pattern
Doji Gold Pattern - Doji XAUUSD Candles Guide
Doji Gold Pattern - Doji XAUUSD Candles Guide
Marubozu XAUUSD Candles Tutorial
Marubozu xauusd candle pattern are long candles that have no upper or lower shadows, Like illustrated & shown below.
Marubozu Candles - Marubozu XAUUSD Candles Guide
Marubozu xauusd candlestick pattern are continuing xauusd candlestick patterns that show gold trading price is going to continue in same direction as that of marubozu candle. The marubozu candles pattern can be white/blue or black/red depending on the direction of the trend.
Spinning Tops Candles XAUUSD Candles Tutorial
Spinning tops xauusd candle pattern have a small body with long upper & lower shadows. These spinning tops candles patterns are referred to by this name because these candles formations are similar to spinning tops on a match-stick.
The upper & lower shadows of the spinning tops xauusd candles pattern are longer than the body. Example illustrated & shown below shows the spinning tops candle stick pattern. You can look for pattern in your MetaTrader 4 XAUUSD Platform xauusd charts. The example illustrated & shown below shows a screenshot to help traders when it comes to learning and understanding these xauusd candlestick pattern.
How to Read XAUUSD Candlestick Charts - Spinning Tops XAUUSD Candles Guide
Color of the spinning tops candle xauusd candlesticks pattern is not very important, this formation show the indecision between the buyers & sellers in XAUUSD market. When these xauusd patterns appear at the top of a xauusd trend or at the bottom of the xauusd trend it might signify that the xauusd trend is coming to an end and it might soon reverse & begin going the other direction. However, it's best to wait for confirmation trading signals that the direction of a xauusd has reversed before trading the signal from this xauusd candle pattern formation.
Hammer Candlestick Pattern & Hanging Man Candle Pattern XAUUSD Candles Tutorial
Hammer Candlestick Pattern & Hanging Man Candle Pattern candlestick look alike but hammer is bullish reversal xauusd candlestick pattern and hanging man is a bearish reversal xauusd candlestick pattern.
Hammer Candle Pattern and Hanging Man Candle Pattern - XAUUSD Candles Guide
Hammer XAUUSD Candles Tutorial
Hammer xauusd candle pattern is a potentially bullish xauusd candle pattern which occurs during a xauusd downwards trend. It is named so because the xauusd market is hammering out a market bottom.
Hanging Man XAUUSD Candles Tutorial
This hanging man candle stick pattern is a potentially bearish xauusd reversal trading signal which forms during a xauusd upwards trend. It's named so because it resembles a man hanging on a noose up high.
Hanging Man Candlestick Pattern - XAUUSD Candles Guide
Inverted Hammer XAUUSD Candles Tutorial
This is a bullish reversal candle pattern. It forms at the bottom of a XAUUSD trend.
Inverted hammer candle stick pattern occurs at bottom of a down xauusd trend & indicates the possibility of reversal of the downwards XAUUSD trend.
Inverted Hammer Candlestick Pattern - XAUUSD Candles Guide
Shooting Star XAUUSD Candles Tutorial
Shooting Star is a bearish reversal candle stick pattern. It forms at the top of a gold trend.
Shooting Star xauusd candlestick pattern occur at the top of an up xauusd trend in the XAUUSD market where the open gold price is same as the low & gold price then rallied up but was pushed back downward to close near the open.
Shooting Star Candle-Stick - XAUUSD Candles Guide
Piercing Line XAUUSD Candles Tutorial
Piercing line candle stick pattern is a long black body followed by a long white body candle-stick.
White body pierces the midpoint of the prior black body.
This Piercing Line xauusd candlestick pattern is a bullish reversal candlestick pattern that occurs at the bottom of a market downwards gold trend. It shows that the xauusd market opens lower and closes above the midpoint of the black body.
This Piercing Line xauusd candlestick pattern shows that momentum of the down xauusd trend is reducing & the xauusd market xauusd trend is likely to reverse and move in an upward direction.
This Piercing Line xauusd candlestick pattern is displayed referred to as a piercing line signifying the xauusd market is piercing the bottoms showing a market floor for the gold price downward trend.
Piercing Line Gold Candle Pattern - XAUUSD Candles Guide
Dark Cloud Cover XAUUSD Candles Tutorial
Opposite of piercing candle xauusd candle.
This candlestick is a long white body followed by a long black body.
Black body pierces the mid point of the prior white body.
This is a bearish reversal xauusd pattern that forms at the tops of an upward gold trend.
Dark Cloud cover xauusd candlestick pattern that the xauusd market opens higher and closes below the midpoint of the white body.
Dark Cloud cover xauusd candlestick pattern shows that momentum of the up xauusd trend is reducing & the xauusd market xauusd trend is likely to reverse and move in a downward gold trading direction.
Dark Cloud cover xauusd candle pattern is shown known as a cloud cover signifying the cloud as a ceiling for the gold price upward trend.
Dark Cloud Cover Candle Pattern - XAUUSD Candles Guide
Morning Star XAUUSD Candles Tutorial
Morning Star Candlestick Pattern - XAUUSD Candles Guide
Evening Star XAUUSD Candles Tutorial
Opposite of the morning star candlesticks pattern
Evening Star Candle Pattern - XAUUSD Candlesticks Guide - Candlestick Guide
XAUUSD Candles Guide
Engulfing is a reversal candle pattern that can be bearish or bullish depending upon whether it appears at end of a xauusd market down xauusd trend or at the end of a gold market upwards trend.
Bullish and Bearish Engulfing Candlesticks Patterns - XAUUSD Candles Guide
Drawing XAUUSD Candlesticks on MT4 - Candles Patterns Explained for Day Trading
