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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Gold Spot (FOREX:XAUUSDO)

Sidelines Mode (+55) - XAUUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
2351.010 2353.555 2346.690 2346.830 -4.180
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Oct 20th, 2023 at 1987.5

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 2395.6

short term down The short-term trend has been DOWN since May 22nd, 2024 at 2407.0

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +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
2351.010 2353.555 2346.690 2346.830 -4.180
Prev. Close Volume Bid Ask Time
2351.010 2024-05-28 02:27:40
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