Forex Trend Analysis Report
Prepared for you on Saturday, August 19, 2017.
Gold Spot (FOREX:XAUUSDO)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Aug 18th, 2017 at 1295.56
The intermediate term trend has been UP since Jul 23rd, 2017 at 1255.77
The short term trend has been UP since Aug 16th, 2017 at 1289.30
Smart Scan Analysis for XAUUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).