Trading Reversal Chart Patterns & Continuation Chart Patterns

Gold Chart Patterns - Gold Technical Analysis Chart Patterns XAUUSD Strategies

Gold chart patterns are graphical representations of repeating gold price action formations that are commonly used in the gold trading market.

Gold Chart Patterns is one of the studies used in xauusd technical analysis to help xauusd traders learn how to recognize these repeating Gold Chart Patterns formations.

These Gold Chart Patterns are important in xauusd trading because when the xauusd market is not moving in a particular direction it is forming a xauusd chart pattern. It is important to know these Gold Chart Patterns formations so as to have an idea of what might be the next move in the gold trading market.

When gold price movements are drawn there are several Gold Chart Patterns formations that occur naturally and repeat themselves over and over again. These Gold Chart Patterns formations are used by a lot of xauusd technical traders to predict the next xauusd market move.

Traders often study these Gold Chart Patterns formations to gauge supply and demand forces that form the basis for gold price fluctuations.

These Gold Patterns are classified in to 3 different categories:

1. Reversal Chart Patterns

• Double tops Gold Chart Patterns

• Double bottoms Gold Chart Patterns

• Head and shoulders Gold Chart Patterns

• Reverse head and shoulders Gold Chart Patterns

2. Continuation Chart Patterns

• Ascending triangle Gold Chart Patterns

• Descending triangle Gold Chart Patterns

• Bull flag/pennant Gold Chart Patterns

• Bear flag/pennant Gold Chart Patterns

3. Bilateral

• Symmetric triangle - Consolidation Chart Patterns

• Rectangle - Range Gold Chart Patterns

Reversal patterns - Gold Chart Patterns - confirm the reversal of the xauusd market xauusd trend once this reversal chart pattern setup is confirmed. These Reversal Chart Patterns are formed after extended xauusd market xauusd trend either upwards or downwards & these reversal xauusd patterns signal that the xauusd market is ready to reverse.

Continuation patterns Gold Chart Patterns - are formations that set up the xauusd market for a xauusd trend continuation move in direction of the prior XAUUSD trend. These Continuation Chart Patterns are formed when the market is taking a break before continuing in same direction of the previous XAUUSD trend.

Consolidation patterns Gold Chart Patterns - form when the xauusd market is taking a break before deciding the next direction to take. When these Consolidation Chart Patterns are formed - the xauusd market is trying to decide which direction to trade.

Technical Gold Chart Analysis of Gold Chart Patterns

There are two types of xauusd trading chart analysis, these two might seem similar but are not: the two are:

• Japanese Candlesticks Patterns - Study of a single candlestick - Read Japanese Candlesticks Patterns

• Gold Chart Patterns - Study of a series of xauusd candlesticks formations

(This learn xauusd tutorial is about the second option above - Gold Chart Patterns)

The different topics for these two types xauusd analysis are:

Japanese Gold Candles

• 39. Marubozu Candle Pattern & Doji Candlestick Pattern

• 40. Spinning Tops Candles Patterns

• 41. Reversal Candlesticks Patterns

• 42. Inverted Hammer Candlestick Pattern & Shooting Star Candlesticks Patterns

• 43. Piercing Line XAUUSD Candlestick Pattern & Dark Cloud Cover Candlesticks Patterns

• 44. Morning Star Candles and Evening Star Candles Patterns

Gold Patterns Tutorials

• 53. Double Top and Double Bottom Chart Patterns

• 54. Continuation Chart Patterns

• 55. Consolidation Chart Patterns

• 56. Head and Shoulders Chart Patterns and Reverse Head & Shoulders Patterns

The examples below also illustrate the difference of the arrangements of these two xauusd technical analysis methods.

Candlesticks Patterns - Study of a single candle

Gold Chart Patterns - Study of a series of gold trading candlestick s