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Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2017.

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
1248.580 1253.300 1248.060 1252.645 +4.065
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Oct 4th, 2016 at 1303.295

intermediate term up The intermediate term trend has been UP since Mar 26th, 2017 at 1252.085

short term up The short term trend has been UP since Mar 13th, 2017 at 1208.115

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1248.580 1253.300 1248.060 1252.645 +4.065
Prev. Close Volume Bid Ask Time
1248.580 1252.600 1252.690 2017-03-29 09:07:35
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