XAUUSD Candlestick Trading Price Action Trading Tutorial

How to Analyze XAUUSD Price Action Trading Using Japanese Candles

The Japanese candles techniques also have very many gold price action pattern formations that are used to trade XAUUSD. These gold price action patterns have different technical analysis explanation and the most common are:

The above xauusd action gold price patterns is what makes the Japanese candlesticks popular among technical xauusd traders and it's why this type of gold price action xauusd analysis are the most widely used when it comes to analyzing the xauusd trading market. The technical analysis for these gold price action xauusd pattern formations in xauusd trading is explained in the above xauusd candlesticks price action tutorials.

What's a XAUUSD Candlestick?

Gold Candlesticks - is a gold price representation that uses the gold price data (open, high, low, and close of gold price). These candlesticks resemble a candle with wicks on both ends.

The rectangle part of the candlestick is called the body.

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

Candlestick XAUUSD Price Action Trading PDF

The color of the candlestick is either blue or red

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

Most gold trading platforms like the MetaTrader 4, use colors to mark the direction of the xauusd candlesticks. Colors used are blue or green: when price moves up, red: when price moves down.

Candlesticks XAUUSD Price Action Chart Vs. Bar Charts - Candlestick XAUUSD Price Action Trading PDF

When candlesticks gold price charts are used it's very easy to see if the gold price moved up or down as opposed to when bars are used.

XAUUSD candlesticks and xauusd candlesticks patterns are commonly used in gold price action trading strategies used to trade xauusd.