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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Gold Spot (FOREX:XAUUSDO)

Bull Market Weakness (+75) - XAUUSDO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XAUUSDO as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid XAUUSDO?

MarketClub looks at technical strength and momentum to determine if the timing is right for XAUUSDO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
2161.200 2161.945 2154.370 2156.870 -4.330
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Oct 20th, 2023 at 1987.500

intermediate term up The intermediate-term trend has been UP since Feb 29th, 2024 at 2044.430

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 2156.665

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +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
2161.200 2161.945 2154.370 2156.870 -4.330
Prev. Close Volume Bid Ask Time
2161.200 2024-03-19 02:56:46
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