Index Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
PHLX GOLD/SILVER INDEX (NASDAQ:XAU)
Crossroads (+60) - XAU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for XAU
The long-term trend has been DOWN since Jul 19th, 2021 at 136.162
The intermediate-term trend has been UP since Oct 13th, 2021 at 126.634
The short-term trend has been UP since Oct 6th, 2021 at 120.694
Smart Scan Analysis for XAU
Based on our trend formula, XAU is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||92.94||52wk High Date||2018-01-24|
|52wk Low||60.59||52wk Low Date||2018-09-11|