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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Dec 6th, 2018 at 1242.555
The intermediate term trend has been UP since Dec 3rd, 2018 at 1229.775
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).