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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Gold Spot (FOREX:XAUUSDO)

Bear Market Rally (-75) - XAUUSDO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XAUUSDO as it may be in the beginning of a reversal.

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
1925.420 1929.450 1923.315 1923.315 -2.105
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long-term trend has been DOWN since Aug 16th, 2023 at 1893.655

intermediate term up The intermediate-term trend has been UP since Aug 30th, 2023 at 1944.650

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 1923.015

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1925.420 1929.450 1923.315 1923.315 -2.105
Prev. Close Volume Bid Ask Time
1925.420 2023-09-24 22:09:07
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