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Forex Trend Analysis Report

Prepared for you on Sunday, March 26, 2017.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1243.060 1251.760 1241.360 1245.015 +1.955
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Oct 4th, 2016 at 1303.295

intermediate term down The intermediate term trend has been DOWN since Mar 7th, 2017 at 1217.640

short term up The short term trend has been UP since Mar 13th, 2017 at 1208.115

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1243.060 1251.760 1241.360 1245.015 +1.955
Prev. Close Volume Bid Ask Time
1245.3 1244.610 1245.420 2017-03-24 19:15:47
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.