Indicators and patterns
2/4/2025
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 from this pattern is to sell.The second indicator is a Matching Low pattern on the XAU/USD pair, identified on the 30-minute timeframe. This pattern is bullish and indicates a possible trend reversal to the upside. The signal derived from this pattern is to buy.
It's important to consider these indicators in conjunction with other technical analysis tools and market conditions before making any trading decisions.
This is not investment advice. Remember to verify the information provided here.
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