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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Gold Spot (FOREX:XAUUSDO)

Countertrend Up (+85) - XAUUSDO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
2661.91 2668.05 2637.73 2653.25 -8.66
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 Jul 5th, 2024 at 2368.710

short term down The short-term trend has been DOWN since Sep 30th, 2024 at 2643.925

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2661.91 2668.05 2637.73 2653.25 -8.66
Prev. Close Volume Bid Ask Time
2661.91 2024-10-04 22:46:06
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