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Forex Trend Analysis Report

Prepared for you on Wednesday, May 24, 2017.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1252.410 1259.150 1248.795 1259.150 +6.740
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Apr 6th, 2017 at 1263.585

intermediate term down The intermediate term trend has been DOWN since May 3rd, 2017 at 1247.685

short term down The short term trend has been DOWN since May 24th, 2017 at 1250.805

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1252.410 1259.150 1248.795 1259.150 +6.740
Prev. Close Volume Bid Ask Time
1252.410 1257.240 1261.060 2017-05-24 19:12:41
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.