Reversal Candlestick Gold Chart Patterns: Bearish Gold Candlestick Patterns PDF

Shooting Star XAUUSD Candlestick Pattern

Shooting Star XAUUSD Candlesticks Pattern is a bearish reversal candlesticks pattern. It occurs at the top of a gold trend.

Shooting Star XAUUSD Candlestick Pattern occurs at the top of a xauusd up trend where the open gold price is the same as the low - and gold price then rallied up but was pushed back down to close near the open.

Shooting Star Gold Candlestick Pattern Reversal Candlestick Gold Chart Patterns: Bearish Gold Candlestick Patterns

Technical Analysis of Shooting Star XAUUSD Candlesticks Patterns

A sell is confirmed when a candlestick closes below the neckline of this shooting star candlestick pattern, this is the opening of the candlestick on the left side of this xauusd candlestick pattern. The neckline in this case is a support level.

Stop loss orders for the sell gold trades should be placed a few pips above the highest gold price on the recent high.

The Shooting Star candlestick is named so because at the top of an upward xauusd market xauusd trend this xauusd candlestick pattern resembles a shooting star up in the sky.