Indicators and patterns
1/29/2025
Indicators and patterns
The three indicators and patterns identified on the XAU/USD 15-minute chart are as follows:1. Belt-hold Line (Bearish): This pattern is a single candlestick pattern that indicates a potential reversal. In this case, it is a bearish signal suggesting a possible downward movement in the price of XAU/USD.
2. Engulfing Pattern (Bearish): The engulfing pattern is a two-candlestick pattern where the second candle completely engulfs the body of the first candle. This is considered a bearish signal, indicating a potential trend reversal to the downside.
3. Long Line Candle (Bearish): This pattern is characterized by a long bearish candlestick, suggesting strong selling pressure in the market. It is considered a bearish signal, indicating a potential continuation of the downward trend.
In summary, all three indicators and patterns (Belt-hold Line, Engulfing Pattern, Long Line Candle) are signaling a bearish outlook for XAU/USD on the 15-minute chart, suggesting a potential selling 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
