Commodities · candlestick pattern
Hanging man on Gold
On Gold the hanging man showed up 22 times. The target came first 36% of the time, the stop 64%, and 0% went nowhere within 12 candles.
Counted on Gold futures: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 4 | 50% | 50% | 0% |
| Hourly | 18 | 33% | 67% | 0% |
Gold against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Gold | 22 | 36% | 64% | 0% |
| All Commodities charts | 71 | 39% | 55% | 6% |
| Every market | 8,311 | 36% | 58% | 6% |
The last 8 times
- 22 Sep 2025, 12:00 UTC · hourly · stop first after 3 candles
- 4 Sep 2025 · daily · stop first after 2 candles
- 2 Sep 2025, 03:00 UTC · hourly · target first after 4 candles
- 1 Aug 2025, 16:00 UTC · hourly · stop first after 3 candles
- 31 Mar 2025, 13:00 UTC · hourly · target first after 1 candle
- 18 Mar 2025, 05:00 UTC · hourly · stop first after 2 candles
- 3 Mar 2025, 03:00 UTC · hourly · stop first after 9 candles
- 7 Feb 2025, 10:00 UTC · hourly · target first after 3 candles
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 hanging man is
After a rise, a long lower wick warns that sellers are testing.
Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.
The full hanging man 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 hanging man elsewhere
Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY
Questions
How often does the hanging man work on Gold?
In 22 cases on Gold, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 64%; 0% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.