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Markets › Gold › Bullish marubozu

Commodities · candlestick pattern

Bullish marubozu on Gold

On Gold the bullish marubozu showed up 24 times. The target came first 25% of the time, the stop 67%, and 8% 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
Daily714%86%0%
Hourly1729%59%12%

Gold against the rest

ChartsFoundTarget firstStop firstWent nowhere
Gold2425%67%8%
All Commodities charts9043%51%6%
Every market12,13438%55%7%

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 bullish marubozu is

A full green body with no wicks. Buyers owned the whole candle.

Imagine a runner who sprints from the start line to the finish line without slowing down once. A bullish marubozu is a big green candle like that: price opened at the bottom and closed at the very top. Buyers were in charge from start to end.

The full bullish marubozu 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 bullish marubozu elsewhere

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

Questions

How often does the bullish marubozu work on Gold?

In 24 cases on Gold, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 67%; 8% went nowhere within 12 candles.

What is the bullish marubozu?

A full green body with no wicks. Buyers owned the whole candle.