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