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Index Trend Analysis Report

Prepared for you on Wednesday, October 5, 2022.

PHLX GOLD/SILVER INDEX (NASDAQ:XAU)

Bull Market Weakness (+75) - XAU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XAU as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid XAU?

MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_XAU
Open High Low XAU Price Change
106.623 106.829 104.607 106.479 -2.421
Entry Signal

MarketClub’s Trade Triangles for XAU

long term down The long-term trend has been DOWN since May 12th, 2022 at 123.208

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2022 at 107.666

short term up The short-term trend has been UP since Sep 28th, 2022 at 96.765

Smart Scan Analysis for XAU

Based on our trend formula, XAU is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for XAU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.623 106.829 104.607 106.479 -2.421
Prev. Close Volume Bid Ask Time
108.900 0 2022-10-05 14:09:22
52wk High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
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