What's a Candlesticks Chart in XAUUSD?

Types of Charts in XAUUSD

There are 3 types of charts used in XAUUSD: Line charts, bar charts & candles charts.

Candle Sticks Charts - the candlesticks charts use the same gold trading price data as bar charts (open, high, low, & close). However, they in a much more easily identifiable way which resembles a candle with wicks on both ends.

How to Read XAUUSD Candlestick Charts

The rectangle part is called the body.

The high & low are described as shadows & drawn as poking lines.

How to Read XAUUSD Candlestick Charts - What is a Candlesticks Chart in XAUUSD?

The color of the gold candle is either blue or red

• (Blue or Green Color candlestick) - XAUUSD Prices moved up
• (Red Color candlestick) - XAUUSD Prices moved down

Most trading platforms like the MT4 XAUUSD Platform , use colors to mark the direction. Colors used are blue or green: - green candle-stick when price moves up, red candle stick when price moves down.