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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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
1254.720 1261.375 1254.150 1254.155 -0.565
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Dec 7th, 2017 at 1261.80

intermediate term down The intermediate term trend has been DOWN since Dec 5th, 2017 at 1270.50

short term up The short term trend has been UP since Dec 13th, 2017 at 1251.19

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1254.720 1261.375 1254.150 1254.155 -0.565
Prev. Close Volume Bid Ask Time
1254.720 1253.930 1254.380 2017-12-15 14:41:04
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