What is an Engulfing Candles Patterns in XAUUSD?

What Does Engulfing XAUUSD Candlestick Mean? Engulfing XAUUSD Candlestick Definition

Engulfing xauusd candles pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a market down xauusd trend or at the end of a market upwards gold trend.

What is an Engulfing Candles Patterns in XAUUSD?

Bullish and Bearish Engulfing Candles Patterns

The color of the first candlestick indicates the xauusd trend of the day.

The second candlestick should completely engulf the first candle stick & it should have opposite color.

For Bullish Engulfing xauusd candlesticks pattern the color of the candle-stick should be Blue

For Bearish Engulfing xauusd candlesticks pattern the color of the candle-stick should be Red