Indicators and patterns
1/10/2025
Indicators and patterns
The ADX (Average Directional Index) is a technical indicator used to measure the strength of a trend. In this case, the ADX for the XAU/USD (Gold/US Dollar) currency pair on a 15-minute timeframe is indicating a bearish trend.The signal generated is to sell, suggesting that there may be downward momentum in the price of XAU/USD. The ADX value at the time was 2691.09009, which is quite high and indicates a strong bearish trend.
Traders and investors may interpret this signal as an opportunity to potentially profit from a further decline in the price of XAU/USD. It is important to consider other factors and conduct further analysis before making any trading decisions based on this signal.
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
