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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

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
1798.900 1806.450 1796.085 1804.820 +5.920
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long-term trend has been DOWN since Aug 8th, 2021 at 1742.600

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2021 at 1787.105

short term down The short-term trend has been DOWN since Oct 26th, 2021 at 1784.620

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
1798.900 1806.450 1796.085 1804.820 +5.920
Prev. Close Volume Bid Ask Time
1798.900 2021-10-28 09:38:58
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