How to Read a Candlestick Chart

Candle Stick Charts - these xauusd candlestick charts use the gold price data (open, high, low, and close gold price) to draw gold price movement in an identifiable way which resembles a candle with wicks on both ends.

How Do You Analyze Candle Charts?

The rectangle part is called the body.

The high & low of the gold price are described as shadows which are drawn as poking lines.

How Do I Interpret Candlestick Charts

The color of the gold trading candle is either blue or red:

• Blue Color Candles or Green Color Candlesticks - XAUUSD Prices moved up
• Red Color Candlesticks - XAUUSD Prices moved down

Most xauusd trading platforms like the MT4 XAUUSD Trading Platform, use colors to mark the direction of the gold price. XAUUSD candles colors used are blue or green - when price moves up, - color of the xauusd candlestick is red - when price moves down.

How Do I Analyze Candlestick Charts?

When xauusd candles trading charts are used it is very easy to determine if gold price moved up or gold price moved down as opposed to when xauusd bar charts are used.

The Japanese candle charts trading analysis also have very many xauusd candlesticks patterns that are used to analyze and trade XAUUSD. These xauusd chart patterns have different technical analysis & the most common are:

Marubozu & Doji Candlestick Patterns

Spinning Tops Candlestick Patterns

Reversal Patterns Gold Candle Patterns Gold Candlestick Patterns

Inverted Hammer Candlestick Pattern & Shooting Star Candlestick Patterns

Piercing Line XAUUSD Candle Pattern and Dark Cloud Cover Candlestick Patterns

Morning Star Candlesticks & Evening Star Candlesticks Gold Candlestick Patterns

Interpret Candlestick Charts?