Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Gold Spot (FOREX:XAUUSDO)
Weak Uptrend (+65) - XAUUSDO is showing signs of weakening momentum to the upside. Monitor 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 UP since Oct 20th, 2023 at 1987.500
The intermediate-term trend has been UP since Nov 26th, 2023 at 2007.005
The short-term trend has been DOWN since Dec 4th, 2023 at 2033.430
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).