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Forex Trend Analysis Report

Prepared for you on Monday, May 22, 2017.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
1253.360 1262.555 1251.905 1262.485 +9.125
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Apr 6th, 2017 at 1263.585

intermediate term down The intermediate term trend has been DOWN since May 3rd, 2017 at 1247.685

short term up The short term trend has been UP since May 12th, 2017 at 1228.625

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1253.360 1262.555 1251.905 1262.485 +9.125
Prev. Close Volume Bid Ask Time
1253.36 1262.260 1262.710 2017-05-22 21:11:39
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