Trade analysis
Gold Chart Analysis: Morning Star Never Formed | 26 October 2026
By Alan Solarsh · 26 October 2026
Gold did not form the morning star Alan hoped for, so he wants a fractal break first.
What the chart shows
Alan hoped for a morning star, a three-candle pattern hinting at a turn. It never formed, and he says the candle lacks bullish momentum, meaning buying pressure. He wants a fractal break first, meaning price moving past a marked small peak.
Waiting for confirmation stops you from acting on a pattern you only hoped to see. That habit suits traders who fit brief chart checks around a day job.
Key points from the video
- Alan hoped for a morning star on gold this morning, but it never formed. A morning star is three candles that can hint at a turn.
- He says the candle shows little momentum and is not a bullish candle. Bullish here means buyers are pushing the price upward with some strength.
- He sees a candle open above the HEMA line. He calls it a possible fake out, a move that looks real but fails.
- For a move up, Alan would want price to break the fractal first. A fractal is a small marked peak on the chart.
- He also wants the second channel to open above the ATMA line. Alan stresses that anything can happen on the chart.
The Learn to Read a Forex Chart course teaches this step by step. You can start free and learn at your own pace.
Learn to read a chart, start freeSee the robotQuestions about this chart
What is a morning star pattern on a forex chart?
Alan describes a morning star as three candles that can hint at a turn. On gold this morning he hoped to see one, but it never formed.
What is a fractal break on a gold chart?
A fractal is a small marked peak on the chart. Alan wants price to move past it before he trusts any upward move.
Why did Alan say the gold candle was not bullish?
He said the candle showed little momentum, meaning little buying pressure. The morning star he hoped for never formed on that candle.
Read next
- Learn To Read A Forex Chart, the free course
- All trade analysis videos by Alan Solarsh
- The previous day's chart analysis
- Forex education articles
- See the Forex Robots
Forex trading carries risk. This is education from my own chart, not advice or a signal.