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Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Gold Spot (FOREX:XAUUSDO)
Sidelines Mode (-50) - XAUUSDO is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XAUUSDO can gain 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 1987.50
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 2647.16
The short-term trend has been DOWN since Dec 2nd, 2024 at 2623.35
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2639.980 | 2653.650 | 2637.585 | 2646.105 | +6.125 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2639.980 | 2024-12-03 12:56:17 |