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Forex Trend Analysis Report

Prepared for you on Sunday, October 22, 2017.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1280.700 1280.700 1274.465 1275.800 -4.900
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Aug 18th, 2017 at 1295.56

intermediate term down The intermediate term trend has been DOWN since Sep 21st, 2017 at 1290.96

short term down The short term trend has been DOWN since Oct 17th, 2017 at 1292.39

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1280.700 1280.700 1274.465 1275.800 -4.900
Prev. Close Volume Bid Ask Time
1280.7 1275.400 1276.200 2017-10-22 22:30:24
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