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Forex Trend Analysis Report

Prepared for you on Monday, April 24, 2017.

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
1275.030 1276.340 1267.790 1274.975 -0.055
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 Apr 23rd, 2017 at 1244.645

short term down The short term trend has been DOWN since Apr 17th, 2017 at 1282.235

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
1275.030 1276.340 1267.790 1274.975 -0.055
Prev. Close Volume Bid Ask Time
1275.030 1274.940 1275.010 2017-04-24 16:55:10
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.