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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

Gold Spot (FOREX:XAUUSDO)

Bull Market Weakness (+75) - XAUUSDO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XAUUSDO as it may be in the beginning stages of a reversal.

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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
2657.340 2687.750 2654.850 2687.735 +30.395
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Oct 20th, 2023 at 1987.500

intermediate term down The intermediate-term trend has been DOWN since Nov 11th, 2024 at 2647.160

short term up The short-term trend has been UP since Nov 18th, 2024 at 2595.545

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2657.340 2687.750 2654.850 2687.735 +30.395
Prev. Close Volume Bid Ask Time
2657.340 2024-11-21 22:08:34
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