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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Gold Spot (FOREX:XAUUSDO)
Sidelines Mode (+55) - XAUUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been UP since Oct 20th, 2023 at 1987.500
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 2647.160
The short-term trend has been UP since Nov 18th, 2024 at 2595.545
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2657.340 | 2671.065 | 2654.850 | 2666.935 | +9.595 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2657.340 | 2024-11-21 05:35:10 |