I just realized something quite interesting about the gold market this year. If you only look at the global gold price candlestick chart without understanding macro money flows, you will be continuously liquidated.

What is pushing gold up currently? It’s the wave of de-dollarization from the BRICS bloc. China, Russia, India are accumulating physical gold at record levels to reduce dependence on the USD. This creates a solid "price floor," making it difficult for gold to crash deeply even with the FED’s interest rates still high. Additionally, when real interest rates decrease, the opportunity cost of holding gold also drops, attracting more capital.

But this is the most cautious time. I just witnessed a classic "liquidation sweep" at the $5,050 level. The price broke above $5,052 with low volume (red flag), then 15 minutes later dropped straight down to $5,025 to trigger all the stop-loss orders of the crowd. Then at $5,025, the volume profile shows a maximum volume bar — that’s when whales are accumulating.

If you want to read the global gold price candlestick chart correctly, you need to understand three levels. Level 1 is just looking at price movements, driven by emotions — resulting in 90% losing. Level 2 is memorizing candle patterns like Engulfing, Pinbar — results are mixed. Level 3 is understanding the macro story, combining Price Action with Volume Profile, knowing where the traps are — that’s when you start making sustainable profits.

Regarding candle patterns, Pinbar (Pinocchio candle) is my favorite. Small body, long wick on one side — that’s the market’s "lie." For example: a sharp price drop but then pushed back up at the end of the session, ready to rise. Engulfing is also very effective — the next candle engulfs the entire previous candle. If a Bullish Engulfing appears at a support zone, that’s a buy signal immediately.

The hardest part isn’t recognizing the pattern, but managing risk. The minimum Risk:Reward ratio should be 1:2. If you risk $100, you should aim to make at least $200. Many people enter trades just because they "feel" the price will go up, without calculating R:R — that’s a path to losses.

The key point for 2026 is that AI trading accounts for 80% of market liquidity. Bots are programmed to sweep stop-losses at old highs/lows before executing real trades. So don’t place your stop-loss right at the old wick; place it 10-20 pips away. Or wait for the candle to close to confirm before exiting.

Regarding the global gold price candlestick chart, I usually set up three tabs: TradingView to watch XAU/USD, USD/VND exchange rate tab, and the domestic SJC price tab. The Vietnamese gold price = (Global price + manufacturing fee) × Exchange rate + domestic supply and demand spread. Ignoring the USD exchange rate means ignoring 40% of the reason for the domestic gold price increase.

Currently, I’m waiting for a correction back to the $4,950–$4,980 zone to add more positions. Never go all-in at the top. If you hold physical gold, consider taking partial profits (30%) to realize gains, and move the remaining stop-loss to break-even (Trailing Stop) to ride the trend.

Final lesson: never block the train. Only short when there’s a clear reversal pattern (Double Top, Head & Shoulders) on the D1 timeframe, not just because you "feel" the price is too high. And always check the economic calendar before trading — NFP or CPI data can completely break your global gold candlestick chart within minutes.