Forex Trend Analysis Report
Prepared for you on Sunday, April 22, 2018.
Gold Spot (FOREX:XAUUSDO)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jan 1st, 2018 at 1307.625
The intermediate term trend has been UP since Mar 23rd, 2018 at 1340.460
The short term trend has been DOWN since Apr 20th, 2018 at 1338.790
Smart Scan Analysis for XAUUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).