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Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
2063.740 2063.940 2015.830 2019.815 -43.925
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Jun 3rd, 2019 at 1324.05

intermediate term up The intermediate-term trend has been UP since Jun 21st, 2020 at 1745.15

short term up The short-term trend has been UP since Jul 15th, 2020 at 1812.54

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).

+90
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2063.740 2063.940 2015.830 2019.815 -43.925
Prev. Close Volume Bid Ask Time
2063.740 2019.500 2020.130 2020-08-07 14:08:20
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