Indicators and patterns
2/4/2025
Indicators and patterns
The first indicator is the Harami Pattern, which occurred on the XAU/USD (Gold/US Dollar) currency pair chart on a 15-minute timeframe. The Harami Pattern is a two-candlestick pattern where the second candle is contained within the body of the first candle. In this case, the Harami Pattern is bullish, indicating a potential reversal from a downtrend to an uptrend. The signal generated by this pattern is to "Buy."The second indicator is the Average Directional Index (ADX), which also occurred on the XAU/USD chart on a 15-minute timeframe. The ADX is a technical indicator used to measure the strength of a trend. A bullish ADX signal suggests that the trend is strengthening. In this case, the ADX signal is bullish, indicating a strengthening uptrend. The signal generated by the ADX is also to "Buy."
Therefore, based on the Harami Pattern and ADX signals, there is a bullish sentiment for the XAU/USD currency pair on the 15-minute timeframe, suggesting a potential buying opportunity.
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
