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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
1488.45 1512.10 1484.85 1492.76 +4.31
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Jun 3rd, 2019 at 1324.050

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 1492.650

short term up The short term trend has been UP since Oct 17th, 2019 at 1497.355

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1488.45 1512.10 1484.85 1492.76 +4.31
Prev. Close Volume Bid Ask Time
1488.45 1492.53 1492.99 2019-10-17 18:50:24
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