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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been DOWN since Dec 7th, 2017 at 1261.80
The intermediate term trend has been DOWN since Dec 5th, 2017 at 1270.50
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).