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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2019.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1275.235 1276.000 1272.200 1272.905 -2.330
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Apr 16th, 2019 at 1277.030

intermediate term down The intermediate term trend has been DOWN since Apr 1st, 2019 at 1287.105

short term down The short term trend has been DOWN since Apr 23rd, 2019 at 1273.640

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1275.235 1276.000 1272.200 1272.905 -2.330
Prev. Close Volume Bid Ask Time
1275.235 1272.680 1273.130 2019-04-23 08:08:18
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