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Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
PHLX GOLD/SILVER INDEX (NASDAQ:XAU)
Bull Market Weakness (+75) - XAU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XAU as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XAU?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.
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 XAU
The long-term trend has been UP since Apr 1st, 2024 at 127.253
The intermediate-term trend has been UP since Mar 4th, 2024 at 111.045
The short-term trend has been DOWN since Apr 22nd, 2024 at 133.121
Smart Scan Analysis for XAU
Based on our trend formula, XAU is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 129.671 | 133.208 | 129.671 | 132.857 | +1.847 |
| Prev. Close | Volume | Bid | Ask | Time |
| 132.857 | 0 | 2024-04-23 17:15:37 |
| 52wk High | 92.94 | 52wk High Date | 2018-01-24 |
| 52wk Low | 60.59 | 52wk Low Date | 2018-09-11 |