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Commodities · candlestick pattern

Doji on Gold

On Gold the doji showed up 139 times. Within 12 candles price broke up 51% of the time, broke down 49% and stayed inside 0%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7651%49%0%
Hourly6351%49%0%

Gold against the rest

ChartsFoundBroke upBroke downStayed inside
Gold13951%49%0%
All Commodities charts59550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016540%60%
2017838%62%
20181050%50%
2019650%50%
2020967%33%
20211242%58%
2022743%57%
20231267%33%
20242952%48%
20253949%51%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Gold

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

The doji elsewhere

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

Questions

How often does the doji work on Gold?

In 139 cases on Gold, price broke up 51% of the time, broke down 49% and stayed inside 0% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.