Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Gold Spot (FOREX:XAUUSDO)
Crossroads (+60) - XAUUSDO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Aug 8th, 2021 at 1742.600
The intermediate-term trend has been UP since Oct 13th, 2021 at 1787.105
The short-term trend has been UP since Oct 12th, 2021 at 1766.425
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).