Indicators and patterns
12/24/2024
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. It consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the previous candle. In this case, the Harami Pattern is identified on the XAU/USD (Gold/US Dollar) currency pair chart on a 30-minute timeframe.The Harami Pattern observed is bullish, suggesting a possible reversal from a downtrend to an uptrend. The signal generated by this pattern is a "Buy" signal, indicating a potential opportunity for traders to enter a long position.
The price at which this signal occurred is 2612.3999 on December 24, 2024, at 15:00 GMT. Traders may consider this signal along with other technical or fundamental analysis to make informed trading decisions.
This is not investment advice. Remember to verify the information provided here.
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