Forex Trend Analysis Report
Prepared for you on Tuesday, July 22, 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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Jul 2nd, 2014 at 1331.415
The intermediate term trend has been DOWN since Jul 14th, 2014 at 1306.650
The short term trend has been DOWN since Jul 14th, 2014 at 1327.255
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).