Continuation Gold Candle Patterns - Marubozu Candle Pattern
Marubozu Candlesticks Chart Patterns
Depending on the size & shape of a Gold candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine underlying weakness of the buyers and sellers.
Marubozu Candles Patterns
Marubozu Candles Patterns - Candles with long bodies show that there were a lot of buyers/sellers, depending on the color of the candle.
When gold price makes a huge move from the opening gold price to the closing gold price it shows the strength of buyers/sellers - Marubozu Candlesticks Patterns.
Long Blue Candles - Strength of Buyers
Long Red Candlesticks - Marubozu Candles Patterns - Strength of Sellers
Long Body Candles - Continuation Gold Candlestick Patterns. Marubozu Candle Pattern - How to Trade Marubozu Candlesticks Patterns - How to Analyze Marubozu Candles Pattern
Marubozu Candle Patterns
Marubozu Candle Patterns are long candlesticks which have no upper or lower shadows, Like illustrated below.
Marubozu Gold Trading Candles
Marubozu Candle Patterns are continuation candlestick patterns that show gold price is going to continue in same direction as that of marubozu candlestick pattern. The marubozu candlestick pattern can be white/blue or black/red depending on the direction of the trend.
XAUUSD Analysis of Marubozu Candles Patterns
White marubozu candlestick pattern- the open is also the low & the close is also the high.
Marubozu candlestick pattern means there were no retracements during that gold price period and therefore shows that buyers were in total control of the gold price.
White Marubozu candlestick pattern is a continuation candle pattern meaning that the next xauusd candle is likely to continue in the same upward xauusd trend direction.
Black marubozu candle pattern - the open of the Marubozu candle pattern is also the high - & the close is also low.
Marubozu candlestick pattern means there were no gold price retracements in the xauusd market and therefore shows that sellers were in total control of the gold price.
Black Marubozu candle pattern is a continuation candles pattern meaning that the next xauusd candle is likely to continue in the same downward xauusd trend direction.
