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Forex Trend Analysis Report

Prepared for you on Thursday, April 24, 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
1286.120 1295.385 1268.910 1290.970 +4.850
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Feb 16th, 2014 at 1326.91

intermediate term down The intermediate term trend has been DOWN since Mar 24th, 2014 at 1320.75

short term down The short term trend has been DOWN since Apr 24th, 2014 at 1276.00

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
1286.120 1295.385 1268.910 1290.970 +4.850
Prev. Close Volume Bid Ask Time
1286.120 1290.700 1291.240 2014-04-24 15:23:02
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.