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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Apr 6th, 2017 at 1263.585
The intermediate term trend has been DOWN since May 3rd, 2017 at 1247.685
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).