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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Gold Spot (FOREX:XAUUSDO)
Strong Uptrend (+100) - XAUUSDO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XAUUSDO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid XAUUSDO?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAUUSDO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been UP since Oct 20th, 2023 at 1987.500
The intermediate-term trend has been UP since Feb 29th, 2024 at 2044.430
The short-term trend has been UP since Mar 20th, 2024 at 2163.025
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2374.81 | 2414.56 | 2371.16 | 2410.40 | +35.59 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2374.81 | 2024-04-18 22:20:46 |