Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2017.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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
1248.205 1248.825 1247.995 1248.720 +0.515
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Dec 7th, 2017 at 1261.800

intermediate term down The intermediate term trend has been DOWN since Dec 5th, 2017 at 1270.500

short term down The short term trend has been DOWN since Nov 29th, 2017 at 1286.865

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1248.205 1248.825 1247.995 1248.720 +0.515
Prev. Close Volume Bid Ask Time
1248.205 1248.490 1248.950 2017-12-10 19:14:47
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.