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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
1228.545 1228.600 1221.800 1227.615 -0.930
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since May 1st, 2018 at 1304.465

intermediate term down The intermediate term trend has been DOWN since Jun 15th, 2018 at 1282.235

short term down The short term trend has been DOWN since Jul 10th, 2018 at 1253.075

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -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
1228.545 1228.600 1221.800 1227.615 -0.930
Prev. Close Volume Bid Ask Time
1228.545 1227.560 1227.670 2018-07-18 21:59:48
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