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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1238.57 1238.57 1238.57 1238.57 0.00
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Dec 6th, 2018 at 1242.555

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2018 at 1229.775

short term down The short term trend has been DOWN since Dec 13th, 2018 at 1241.355

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1238.57 1238.57 1238.57 1238.57 0.00
Prev. Close Volume Bid Ask Time
1238.57 1238.49 1238.65 2018-12-15 17:07:41
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