How Do Patterns Work?

Chart patterns work by analyzing the supply and demand of a xauusd in the market by using commonly repeated chart patterns.

Does Chart Pattern Technical Analysis Work?

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

1. Reversal Setup Patterns

Double Tops Chart Setup Patterns

Double Bottom Chart Setup Patterns

Head & Shoulders Chart Setup Patterns

Reverse Head and Shoulders Chart Setup Patterns

2. Continuation Chart Setup Patterns

Rising Triangle Setup Patterns

Falling Triangle Setup Patterns

Bull Pennant/Flag Setup Patterns

Bear Pennant/Flag Setup Patterns

3. Bilateral Gold Setup Patterns

Symmetric Triangle - Consolidation Chart Setup Patterns

Rectangle - Range Gold Setup Patterns

Reversal Setup Patterns confirm the reversal of the market trend once this reversal Chart Patterns setup is confirmed. These reversal Chart Patterns are formed after extended market trend either upward or downward & these setups signal that the market trend is ready to reverse.

Continuation Setups are arrangements which set up the market for a trend continuation move in direction of previous trend. These continuation Patterns are formed when the market is taking a break prior to continuing in same direction of previous trend.

Consolidation Setups form when the market is taking a break prior to deciding next direction to head. When these consolidation Chart Patterns are formed the market is trying to figure out what direction to trade.

Gold Setup Patterns Tutorials