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Indicators and patterns

10/31/2024

Indicators and patterns

Indicators and patterns

The indicator "Long Line Candle" on the XAU/USD (Gold/US Dollar) currency pair chart with a 15-minute timeframe has shown a bearish signal. This signal suggests a potential selling opportunity. The specific price at which this signal occurred was 2782.84009, and it occurred on October 31, 2024, at 5:00 AM.

A "Long Line Candle" is a candlestick pattern that indicates a strong price movement in one direction. In this case, the bearish Long Line Candle suggests a strong downward movement in the price of XAU/USD. Traders may interpret this as a signal to consider selling or taking a short position on the XAU/USD pair.

This is not investment advice. Remember to verify the information provided here.

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