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Indicators and patterns

11/29/2024

Indicators and patterns

Indicators and patterns

The first indicator is an Engulfing Pattern on the XAU/USD pair, observed on the 15-minute timeframe. This pattern is considered bearish and suggests a potential trend reversal to the downside. The signal generated by this pattern is to sell.

The second indicator is a Long Line Candle on the XAU/USD pair, also seen on the 15-minute timeframe. This candlestick pattern is bearish and indicates a possible continuation of the downward trend. The signal generated by this pattern is to sell.

Both indicators are suggesting a bearish outlook for the XAU/USD pair, with signals to sell based on the patterns observed. 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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