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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
Gold Spot (FOREX:XAUUSDO)
Weak Downtrend (-65) - XAUUSDO is showing signs of a strengthening downtrend. Monitor XAUUSDO as it may be building momentum to the downside.
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 1987.50
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 2609.63
The short-term trend has been DOWN since Dec 13th, 2024 at 2662.00
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2623.175 | 2624.010 | 2621.900 | 2622.530 | -0.645 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2623.175 | 2024-12-22 18:29:23 |