Indicators and patterns
The Relative Strength Index (RSI) indicator for XAU/USD on the 15-minute timeframe is currently showing a bearish signal, suggesting a selling opportunity. The RSI value is 2705.29004 as of January 16, 2025, at 9:15.
Additionally, the Stochastic RSI (STOCHRSI) fast %K indicator for XAU/USD on the 15-minute timeframe is also indicating a bearish signal, aligning with the RSI indicator and further supporting the selling opportunity. The fast %K value is not provided, but the signal is to sell.
Both indicators are pointing towards a potential downward movement in the XAU/USD pair, indicating a bearish sentiment and suggesting that traders may consider selling positions.