Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
Gold Spot (FOREX:XAUUSDO)
Long-Term Uptrend (+90) - XAUUSDO is in a strong uptrend that is likely to continue. While XAUUSDO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been UP since Nov 10th, 2021 at 1833.875
The intermediate-term trend has been UP since Dec 28th, 2021 at 1814.125
The short-term trend has been UP since Jan 19th, 2022 at 1823.020
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).