Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Gold Spot (FOREX:XAUUSDO)

Strong Downtrend (-100) - XAUUSDO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
1734.78 1734.78 1734.55 1734.55 -0.23
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 1849.065

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2021 at 1829.550

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 1783.500

Smart Scan Analysis for XAUUSDO

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

-100
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1734.78 1734.78 1734.55 1734.55 -0.23
Prev. Close Volume Bid Ask Time
1734.78 2021-02-28 16:06:51
Get a free daily analysis and signals for Gold Spot (XAUUSDO) - Request Your Free Report.