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Commodities · candlestick pattern

Bearish engulfing on Gold

On Gold the bearish engulfing showed up 46 times. The target came first 30% of the time, the stop 57%, and 13% went nowhere within 12 candles.

Counted on Gold futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2138%43%19%
Hourly2524%68%8%

Gold against the rest

ChartsFoundTarget firstStop firstWent nowhere
Gold4630%57%13%
All Commodities charts13833%56%11%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2020450%25%
2021333%67%
2022367%33%
2023333%33%
20241833%56%
20251118%73%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bearish engulfing is

A red body swallows the green one before it. Sellers took control.

Picture a small green fish, then a bigger red fish that swallows it whole. In a bearish engulfing pattern, the red candle's body is so big it covers the whole green body before it. After a rise, it shows sellers suddenly took over.

The full bearish engulfing lesson, video and quiz ›

Other patterns on Gold

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · MACD bearish cross · Doji · RSI overbought drop · Volume profile bounce · Volume profile rejection · EMA 9/21 bearish cross · all of them

The bearish engulfing elsewhere

Silver · Crude oil · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bearish engulfing work on Gold?

In 46 cases on Gold, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 57%; 13% went nowhere within 12 candles.

What is the bearish engulfing?

A red body swallows the green one before it. Sellers took control.