Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Gold Spot (FOREX:XAUUSDO)
Sidelines Mode (-50) - XAUUSDO is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XAUUSDO can gain momentum.
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 Jan 2nd, 2020 at 1530.80
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1566.50
The short-term trend has been DOWN since Mar 31st, 2020 at 1611.97
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).