Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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
1233.575 1233.600 1231.195 1232.200 -1.375
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since May 1st, 2018 at 1304.465

intermediate term up The intermediate term trend has been UP since Oct 11th, 2018 at 1210.845

short term up The short term trend has been UP since Oct 23rd, 2018 at 1230.300

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1233.575 1233.600 1231.195 1232.200 -1.375
Prev. Close Volume Bid Ask Time
1233.575 1232.150 1232.250 2018-10-24 01:46:30
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.