How Many Candle-sticks Setup Patterns are There in Gold?
Top 10 Candle Setup Patterns in XAUUSD & their Technical Analysis:
How Do I Analyze Japanese Candles Patterns? - How to Read Japanese Candle Sticks Setup Patterns - Trading Study Candle-sticks?
Below is a beginners guide on how to read & interpret candle patterns:
Doji MT4 Gold Candle Pattern Recognition Tutorial
This is a candlesticks pattern with the same opening & closing price. There are various types of doji candles pattern setup which form on Gold charts.
following example show various patterns of the doji candlestick:
Long-legged doji candles pattern has long upper and lower shadows with opening & closing price at the middle. When Long legged doji appears on a chart it signals indecision between traders, the buyers & the sellers.
Below is an example screen-shot image of Long Legged Doji candle-sticks pattern setup
Doji Pattern - Doji Meta Trader 4 Gold Charts XAUUSD Guide
Doji Pattern - Doji Meta Trader 4 Candle Pattern Recognition XAUUSD Guide
Marubozu MT4 Gold Charts Described Guide
Marubozu xauusd candlesticks pattern setup are long candlesticks that have no upper or lower shadows, Like displayed and illustrated below.
Marubozu Candle Sticks - Marubozu MT4 Gold Charts Described XAUUSD Guide
Marubozu xauusd candlesticks pattern setup are continuing candlestick setups which show price is going to continue in the same direction as that of marubozu candle. The marubozu candlesticks pattern setup can be white/blue or black/red depending on the direction of the market trend.
Spinning Top Candle-sticks MetaTrader 4 Gold Charts Described Guide
Spinning tops candlesticks pattern setup have a small body with long upper and lower shadows. The spinning top candle-sticks setups are referred to by this name because these candle-sticks formations are similar to spinning top on a match stick.
The upper & lower shadows of the spinning top candlesticks pattern setup are longer than the body. Example illustrated & shown below shows the spinning top candles pattern. You can look for the pattern in your MT4 Software charts. Example illustrated and shown below shows a screen-shot to help traders when it comes to learning and understanding these candles pattern setup.
How Do I Read Candlestick Charts - Spinning Tops MetaTrader 4 Gold Charts Described XAUUSD Guide
Color of the spinning top candle candlesticks pattern setup is not important, this pattern shows the indecision between buyers and the sellers in the market. When these setups appear at the top of a trend or at the bottom of trend it may signify that the trend is coming to an end and it may soon reverse & start moving in the opposite direction. However, it is best to wait for confirmation signal that direction of a trend has reversed before taking the signal from the candlesticks pattern setup formation.
Hammer Candlestick Pattern and Hanging Man Candle Pattern MT4 Candle Pattern Recognition XAUUSD Guide
Hammer Candle Pattern & Hanging Man Candlestick Pattern candles look alike but hammer is bullish reversal candlesticks pattern setup and hanging man is a bearish reversaltrading ++candlescandlesticks pattern setup.
Hammer Candlestick Pattern and Hanging Man Candlestick Pattern - MetaTrader 4 Gold Charts Described XAUUSD Guide
Hammer Candlestick MT4 Gold Charts Described Guide
Hammer candle-sticks pattern setup is a potentially bullish xauusd candlestick pattern which occurs during a downward trend. It's named so because the market is hammering a market bottom.
Hanging Man Candlestick MetaTrader 4 Gold Charts Described Guide
This hanging man candles pattern setup is a potentially bearish xauusd reversal signal which forms during a upwards trend. It's named so because it looks like a man hanging on a noose up high.
Hanging Man Candlestick Pattern
Inverted Hammer Candlestick MetaTrader 4 Gold Charts Described Guide
This is a bullish reversal candlesticks pattern setup. It occurs at the bottoms of a Gold trend.
Inverted hammer candle-sticks pattern setup forms at the bottoms of a down trend and signals the possibility of reversal of the down-wards XAUUSD trend.
Inverted Hammer Candlestick Pattern - MetaTrader 4 Gold Charts XAUUSD Guide
Shooting Star Candlestick MT4 Gold Charts Described Guide
Shooting Star is a bearish reversal candlesticks pattern setup. It forms at the top of a trend.
Shooting Star candles pattern occur at the top of an up trend in the market where the open price is the same as the low & price then rallied up but was forced back down to close near the open.
Shooting Star Candlestick - MetaTrader 4 Gold Charts Described XAUUSD Guide
Piercing Line Candle MT4 Gold Charts Described Guide
Piercing line candle pattern is a long black body followed by a long white body candlestick.
White body pierces the midpoint of the prior black body.
This Piercing Line candles pattern setup is a bullish reversal candlesticks pattern setup which occurs at the bottom of a market downward trend. It shows that the market opens lower and closes above the midpoint of the black body.
This Piercing Line candles pattern setup highlights that momentum of the down trend is reducing & the market trend is likely to reverse and move in an up-ward direction.
This Piercing Line candles pattern is displayed known as a piercing line signifying the market is piercing a bottom showing a market floor for the price downward trend.
Piercing Line Candle-stick Pattern - MetaTrader 4 Gold Charts Described XAUUSD Guide
Dark Cloud Cover Candlestick MT4 Gold Charts Described Guide
Opposite of piercing candlestick stick candlestick.
This candle is a long white body followed by a long black body.
The black body pierces the mid-point of previous white body.
This is a bearish reversal pattern setup which forms at the top of an up-ward trend.
Dark Cloud Cover candles pattern setup highlights that the market opens higher & closes below the midpoint of the white body.
Dark Cloud Cover candles pattern setup highlights that momentum of the up trend is reducing & the market trend is likely to reverse and move in a downward trade direction.
Dark Cloud Cover candles pattern setup is shown referred to as a cloud cover signifying the cloud as a ceiling for the price up-ward trend.
Dark Cloud Cover Candlestick Pattern
Morning Star Candle MT4 Candle Pattern Recognition XAUUSD Guide
Morning Star Candlestick Pattern - MetaTrader 4 Gold Charts Described XAUUSD Guide
Evening Star Candlestick MT4 Gold Charts Described Guide
Opposite of morning star candles pattern setup
Evening Star Candlestick Pattern - MetaTrader 4 Gold Charts Described XAUUSD Guide
Engulfing Candles Setup Patterns
Engulfing is a reversal candle-sticks pattern setup which can be bearish or bullish depending upon whether it highlights up at the end of a market down trend or at the end of a market upward trend.
Bullish and Bearish Engulfing Candle-sticks Setup Patterns - MetaTrader 4 Gold Charts Described XAUUSD Guide
Gold Candle Patterns PDF - Gold Candle Patterns Explained
