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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Gold Spot (FOREX:XAUUSDO)

Long-Term Uptrend (+90) - XAUUSDO is in a strong uptrend that is likely to continue. While XAUUSDO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
2194.700 2200.620 2191.500 2193.315 -1.385
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 up The intermediate-term trend has been UP since Feb 29th, 2024 at 2044.430

short term up 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 +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2194.700 2200.620 2191.500 2193.315 -1.385
Prev. Close Volume Bid Ask Time
2194.700 2024-03-28 05:11:20
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