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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Gold Spot (FOREX:XAUUSDO)

Sidelines Mode (-50) - XAUUSDO is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XAUUSDO can gain momentum.

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
1584.865 1600.500 1571.000 1582.990 -1.875
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Jan 2nd, 2020 at 1530.80

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1566.50

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 1611.97

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1584.865 1600.500 1571.000 1582.990 -1.875
Prev. Close Volume Bid Ask Time
1584.865 1582.240 1583.740 2020-04-01 14:10:54
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