Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Gold Spot (FOREX:XAUUSDO)

Weak Uptrend (+65) - XAUUSDO is showing signs of weakening momentum to the upside. Monitor XAUUSDO as it may be in the beginning stages of a reversal.

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
1996.405 1998.825 1996.175 1998.825 +2.420
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Oct 20th, 2023 at 1987.500

intermediate term up The intermediate-term trend has been UP since Nov 26th, 2023 at 2007.005

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 2033.430

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1996.405 1998.825 1996.175 1998.825 +2.420
Prev. Close Volume Bid Ask Time
1996.405 2023-12-11 00:49:44
Get a free daily analysis and signals for Gold Spot (XAUUSDO) - Request Your Free Report.