Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Gold Spot (FOREX:XAUUSDO)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Dec 6th, 2018 at 1242.555
The intermediate term trend has been UP since Jan 25th, 2019 at 1298.400
The short term trend has been DOWN since Feb 22nd, 2019 at 1322.795
Smart Scan Analysis for XAUUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).