Indicators and patterns
1/31/2025
Indicators and patterns
The first indicator is a Harami Pattern on the XAU/USD pair in 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, it is a bearish Harami Pattern, suggesting a potential trend reversal to the downside. The signal generated by this pattern is to sell.The second indicator is an Advance Block pattern on the XAU/USD pair in a 30-minute timeframe. The Advance Block pattern is a three-candlestick pattern that indicates a potential weakening of an uptrend. In this case, it is a bearish Advance Block pattern, suggesting a possible trend reversal to the downside. The signal generated by this pattern is also to sell.
Both indicators are suggesting a bearish outlook for the XAU/USD pair, with signals to sell based on the patterns identified. Traders may consider these signals when making their trading decisions.
This is not investment advice. Remember to verify the information provided here.
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