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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1276.600 1276.700 1270.095 1273.015 -3.585
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Apr 16th, 2019 at 1277.030

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 1290.760

short term down The short term trend has been DOWN since May 16th, 2019 at 1282.395

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1276.600 1276.700 1270.095 1273.015 -3.585
Prev. Close Volume Bid Ask Time
1276.6 1272.960 1273.070 2019-05-21 14:32:09
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