How to Identify Reversals in XAUUSD Price Trends
To determine is a xauusd trend has reversed xauusd traders will use reversal patterns & reversal candles patterns.
Once these reversal patterns and reversal candles form on the gold charts traders will wait for these reversal xauusd patterns to be confirmed and once these reversal xauusd patterns are confirmed then the xauusd trend will be interpreted to have reversed.
If these reversal chart patterns are not confirmed then what it means is that the current xauusd market xauusd trend is still intact and the gold prices might continue moving in same direction as that of the xauusd trend.
XAUUSD traders should wait until a reversal xauusd signal is confirmed so that to determine that the xauusd trend reversal has been completed. Once the xauusd reversal signal is confirmed on the gold chart traders can then open gold trades based on this xauusd trend reversal signal.
Reversal Candles Patterns are:
Japanese Candles
Reversal Chart Patterns are:
Gold Patterns Tutorials
