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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Dec 6th, 2018 at 1242.555
The intermediate term trend has been UP since Dec 3rd, 2018 at 1229.775
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).