XGD ASX
S&P/ASX ALL ORDINARIES GOLD
SHORT
Close
11594
Prev.Close
11665
Change
-71.0000
Change%
-0.61%
BEARISH HARAMI
Sold at
11594.1
Open
11665
High
11746
Low
11551
Close
11594
 
0.00%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to SHORT. The BEARISH HARAMI pattern has finally received confirmation because the values crossed below the confirmation level at 11620, and our valid average selling value now stands at 11594. The previous BUY signal was issued on 01/07/2025, 3 days ago, when the index value was 11622. Since then, XGD has fallen by -0.24%.
Market Outlook
The bears have substantial evidence supporting their case, prompting us to consider placing a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Act on the signal and capitalize on the bearish sentiment before the opportunity fades. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop-loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop-loss.
Pattern Description
This pattern comprises a large white candlestick followed by a smaller black candlestick that is entirely contained within the range of the previous white candlestick. The pattern resembles a pregnant woman when outlined, hence the name. "Harami" is a Japanese term that means "pregnant." In this context, the larger white candlestick is referred to as the "mother," while the smaller black candlestick is the "baby." more...
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