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Commodities · candlestick pattern

Spinning top on Gold

On Gold the spinning top showed up 204 times. Within 12 candles price broke up 55% of the time, broke down 44% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily11358%42%0%
Hourly9151%47%2%

Gold against the rest

ChartsFoundBroke upBroke downStayed inside
Gold20455%44%1%
All Commodities charts69354%43%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161533%67%
20171060%40%
2018450%50%
2019786%14%
20201974%26%
2021956%44%
20221650%50%
20231258%42%
20245659%39%
20255149%49%
2026520%80%

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 spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Gold

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

The spinning top 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 spinning top work on Gold?

In 204 cases on Gold, price broke up 55% of the time, broke down 44% and stayed inside 1% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.