Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Gold Spot (FOREX:XAUUSDO)
Bull Market Weakness (+75) - XAUUSDO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been DOWN since Nov 23rd, 2020 at 1849.065
The intermediate-term trend has been UP since May 17th, 2021 at 1853.035
The short-term trend has been UP since May 17th, 2021 at 1853.035
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).