Indicators and patterns
12/20/2024
Indicators and patterns
The Closing Marubozu pattern in the XAU/USD 15-minute chart is a bullish signal indicating a strong buying pressure in the market. This pattern is characterized by a long green candlestick with no wicks or shadows, suggesting that the price opened at the low of the period and closed at the high.In this specific case, the Closing Marubozu pattern occurred at a price of 2603.8999 at 1:45 on December 20, 2024. This pattern suggests that buyers were in control throughout the entire trading period, potentially signaling a continuation of the bullish trend. Traders may interpret this as a signal to consider buying XAU/USD based on this pattern.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
