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Forex Trend Analysis Report

Prepared for you on Friday, August 1, 2014.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1283.205 1285.805 1282.340 1285.065 +1.860
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Jul 2nd, 2014 at 1331.415

intermediate term down The intermediate term trend has been DOWN since Jul 14th, 2014 at 1306.650

short term down The short term trend has been DOWN since Jul 30th, 2014 at 1296.185

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1283.205 1285.805 1282.340 1285.065 +1.860
Prev. Close Volume Bid Ask Time
1283.205 1284.760 1285.370 2014-08-01 07:48:30
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.