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Commodities · candlestick pattern

Tweezer top on Gold

On Gold the tweezer top showed up 34 times. The target came first 18% of the time, the stop 74%, and 9% 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
Daily1612%88%0%
Hourly1822%61%17%

Gold against the rest

ChartsFoundTarget firstStop firstWent nowhere
Gold3418%74%9%
All Commodities charts9126%62%12%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2017333%67%
2022333%67%
202330%100%
2024743%57%
2025128%75%

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 tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

Silver · Dow Jones · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the tweezer top work on Gold?

In 34 cases on Gold, the target (1.5 × ATR) came before the stop (1 × ATR) 18% of the time and the stop came first 74%; 9% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.