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Forex Trend Analysis Report

Prepared for you on Sunday, December 9, 2018.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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
1248.655 1250.850 1246.600 1249.195 +0.540
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Dec 6th, 2018 at 1242.555

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2018 at 1229.775

short term up The short term trend has been UP since Nov 29th, 2018 at 1227.690

Smart Scan Analysis for XAUUSDO

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

+100
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1248.655 1250.850 1246.600 1249.195 +0.540
Prev. Close Volume Bid Ask Time
1248.655 1249.000 1249.390 2018-12-09 20:36:50
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