Candle Stick Patterns Guide PDF
XAUUSD Candles - these candlesticks use the same price data as bar charts (open, high, low, and close). However, these candlesticks resembles a candle with wicks on both ends as opposed to bar charts that resembles bars.
Gold Candle Patterns Tutorial
The rectangle part of a gold candle is called the body.
The high and low of candlestick are described as shadows & drawn as poking lines.
XAUUSD Candlestick Patterns Explained with Example Tutorial
The color of the candlestick is either blue or red
- (Blue or Green Color) - XAUUSD Prices moved up
- (Red Color) - XAUUSD Prices moved down
Most gold trading platforms like the MetaTrader 4 xauusd platform, use colors to mark the direction. Colors used are blue or green - green color candlesticks: when price moves up, red color candlesticks: when price moves down.
XAUUSD Candlestick Patterns Explained with Example Tutorial
XAUUSD Candlestick Patterns Explained with Example Tutorial
Doji Candle Patterns Described with Example PDF
This is a xauusd candlestick pattern with the same opening & closing gold price. There are various types of doji candlesticks pattern which form on XAUUSD charts.
following example show various patterns of the doji candlestick:
Long-legged doji candle pattern has long upper and lower shadows with opening & closing gold price at the middle. When Long legged doji appears on a XAUUSD chart it indicates indecision between gold traders, the buyers & sellers.
Below is an example image image of the Long Legged Doji gold trading candlestick pattern
Doji Gold Pattern - Doji Candle Patterns Described with Example PDF
Doji Gold Pattern - Doji Candle Patterns Described with Example PDF
Marubozu Candle Patterns Described with Example PDF
Marubozu xauusd candle pattern are long candlesticks that have no upper or lower shadows, Like illustrated and shown below.
Marubozu Candles - Marubozu Candle Patterns Described with Example PDF
Marubozu xauusd candle pattern are continuing xauusd candlestick patterns which show gold price is going to continue in the same direction as that of marubozu candle-stick. The marubozu candlesticks pattern can be white/blue or black/red depending on the direction of the trend.
Spinning Tops Candles Gold Candle Patterns Described with Example PDF
Spinning tops xauusd candle pattern have a small body with long upper & lower shadows. These spinning tops candles patterns are referred to by this name because these candlesticks arrangements are similar to spinning top on a match-stick.
The upper and lower shadows of the spinning tops xauusd candles pattern are longer than the body. Example illustrated & shown below shows the spinning top candle stick pattern. You can look for the pattern in your MetaTrader 4 XAUUSD Platform xauusd charts. Example illustrated and shown below shows a screen-shot to help traders when it comes to learning & understanding these xauusd candle pattern.
How to Read XAUUSD Candlestick Charts - Spinning Tops Candle Patterns Described with Example PDF
Color of the spinning top candlestick xauusd candlesticks pattern isn't very important, this pattern show the indecision between the buyers and sellers in the XAUUSD market. When these xauusd patterns appear at the top of a xauusd trend or at the bottom of the xauusd trend it might signify that the xauusd trend is coming to an end and it might soon reverse and start going the other direction. However, it's best to wait for confirmation trading signals that the direction of a xauusd has reversed before trading the signal from this xauusd candle pattern formation.
Hammer Candlestick Pattern & Hanging Man Candle Pattern Gold Candle Patterns Described with Example PDF
Hammer Candle Pattern & Hanging Man Candlestick Pattern candlesticks look alike but hammer is bullish reversal xauusd candlestick pattern & hanging man is a bearish reversal xauusd candle pattern.
Hammer Candlestick Pattern & Hanging Man Candlestick Pattern - Gold Candle Patterns Described with Example PDF
Hammer Candle Patterns Described with Example PDF
Hammer xauusd candlestick pattern is a potentially bullish xauusd candle pattern which occurs during a xauusd downwards trend. It is named so because the xauusd market is hammering out a market bottoms.
Hanging Man Candle Patterns Described with Example PDF
This hanging man candle stick pattern is a potentially bearish xauusd reversal signal which forms during a xauusd upwards trend. It's named so because it looks like a man hanging on a noose up high.
Hanging Man Candlestick Pattern
Inverted Hammer Candle Patterns Described with Example PDF
This is a bullish reversal candle pattern. It forms at the bottoms of a XAUUSD trend.
Inverted hammer candle stick pattern forms at the bottoms of a down xauusd trend & indicates the possibility of reversal of the downward XAUUSD trend.
Inverted Hammer Candlestick Pattern - Gold Candle Patterns Described with Example PDF
Shooting Star Candle Patterns Described with Example PDF
Shooting Star is a bearish reversal candle stick pattern. It forms at the top of a gold trend.
Shooting Star xauusd candlestick pattern form at the top of an up xauusd trend in the XAUUSD market where the open gold price is the same as the low & gold price then rallied up but was pushed back down to close near the open.
Shooting Star Candle-Stick - Gold Candle Patterns Described with Example PDF
Piercing Line Gold Candle Patterns Described with Example PDF
Piercing line candle-stick 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 xauusd candlestick pattern is a bullish reversal candlestick pattern that occurs at the bottom of a market downward gold trend. It shows that the xauusd market opens lower & closes above the midpoint of the black body.
This Piercing Line xauusd candlestick pattern shows that the momentum of the down xauusd trend is reducing & the xauusd market xauusd trend is likely to reverse & move in an upwards direction.
This Piercing Line xauusd candlestick pattern is displayed known as a piercing line signifying the xauusd market is piercing the bottom showing a market floor for the gold price downward trend.
Piercing Line Gold Candle Pattern - Gold Candle Patterns Described with Example PDF
Dark Cloud Cover Candle Patterns Described with Example PDF
Opposite of piercing candle-stick xauusd candlestick.
This candle is a long white body followed by a long black body.
The black body pierces the mid point of the prior white body.
This is a bearish reversal xauusd pattern which forms at the tops of an upward gold trend.
Dark Cloud cover xauusd candle pattern that the xauusd market opens higher & closes below the midpoint of the white body.
Dark Cloud cover xauusd candlestick pattern shows that the momentum of the up xauusd trend is reducing & the xauusd market xauusd trend is likely to reverse & move in a downwards gold trading direction.
Dark Cloud cover xauusd candle pattern is shown known as a cloud cover signifying the cloud as a ceiling for the gold price upwards trend.
Dark Cloud Cover Candle Pattern
Morning Star Candle Patterns Described with Example PDF
Morning Star Candlestick Pattern - Gold Candle Patterns Described with Example PDF
Evening Star Candle Patterns Described with Example PDF
Opposite of morning star candles pattern
Evening Star Candlestick Pattern - Gold Candle Patterns Explained with Examples PDF - Candlestick Guide
Engulfing Candlesticks Patterns
Engulfing is a reversal candle pattern which can be bearish or bullish depending upon whether it shows up at the end of a xauusd market down xauusd trend or at the end of a gold market upwards trend.
Bullish and Bearish Engulfing Candlesticks Patterns - Gold Candle Patterns Described with Example PDF
Gold Candle Patterns PDF - Gold Candle Patterns Tutorial PDF
