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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
1176.645 1178.860 1173.565 1177.090 +0.445
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 down The intermediate term trend has been DOWN since Jun 15th, 2018 at 1282.235

short term down The short term trend has been DOWN since Jul 31st, 2018 at 1217.730

Smart Scan Analysis for XAUUSDO

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

-100
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1176.645 1178.860 1173.565 1177.090 +0.445
Prev. Close Volume Bid Ask Time
1176.645 1176.860 1177.320 2018-08-17 09:25:15
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