Reversal XAUUSD Candlesticks Patterns - Inverted Hammer Bullish Gold Candlesticks Patterns

Hammer Bullish XAUUSD Candles Patterns

Reversal xauusd candles patterns occur after an extended prior trend. Therefore, for a xauusd candles pattern to qualify as a reversal candles pattern there must be a prior trend.

These reversal candles patterns are:

1. Hammer Candles Pattern and Hanging Man Candles Pattern
2. Inverted Hammer Candlesticks Pattern & Shooting Star Candlesticks Pattern
3. Piercing Line Gold Candles Pattern and Dark Cloud Cover Candles Pattern
4. Morning Star XAUUSD Candles & Evening Star XAUUSD Candles
5. Engulfing Candlesticks Patterns

Hammer Candlesticks Pattern and Hanging Man Candlesticks Pattern XAUUSD Candles

Hammer Candles Pattern & Hanging Man Candles Pattern gold trading candlesticks look alike but hammer is bullish reversal candles pattern and hanging man is a bearish reversal candlesticks pattern.

Hammer Candlesticks Pattern and Hanging Man Candles Pattern Gold Candlesticks

Hammer Candles Patterns

Hammer is a potentially bullish pattern that forms during a xauusd downwards trend. It is named so because the xauusd market is hammering out a market bottom.

A hammer has:

• A small body
• The body is at the top
• The lower shadow is 2 or 3 times the length of real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body isn't important

Hammer Gold Candlesticks

XAUUSD Analysis of Hammer Candles Patterns

The buy trading signal is confirmed when a xauusd candlesticks closes above the opening gold price of the xauusd candles on the left side of the hammer candles pattern.

Stop orders should be set a few pips just below the low of hammer candle-stick.

Inverted Hammer Bullish Gold Candles Patterns

Inverted Hammer Candles Pattern and Shooting Star Candles Pattern xauusd candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a market xauusd trend (star) or the bottom of a market xauusd trend (hammer).

Difference is that inverted hammer is a bullish reversal candles pattern while shooting star is a bearish reversal candle-sticks pattern.

Upward XAUUSD Trend Reversal - Shooting Star XAUUSD Candles

Downward XAUUSD Trend Reversal - Inverted Hammer XAUUSD Candles

Inverted Hammer Candlesticks Pattern and Shooting Star Candlesticks Pattern XAUUSD Candlesticks Chart Patterns

Inverted Hammer XAUUSD Candlestick

This is a bullish reversal candlesticks pattern. It forms at the bottom of a XAUUSD trend.

Inverted hammer occurs at the bottom of a downward xauusd trend & indicates the possibility of reversal of the downwards XAUUSD trend.

Inverted Hammer XAUUSD Candle

XAUUSD Analysis of Inverted Hammer XAUUSD Candlestick

A buy is confirmed when a xauusd candlesticks closes above the neckline, this is the opening of the xauusd candlesticks on the left side of this pattern. The neckline point in this case forms the resistance area.

Stop orders for the buy gold trades should be set few pips below the lowest gold price on the recent low.

An inverted hammer is named so because it indicates that the xauusd market is hammering out a bottoms.