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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2019.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
1410.570 1417.035 1408.350 1413.000 +2.430
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Jun 3rd, 2019 at 1324.05

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 1290.76

short term up The short term trend has been UP since Jul 10th, 2019 at 1407.60

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1410.570 1417.035 1408.350 1413.000 +2.430
Prev. Close Volume Bid Ask Time
1410.570 1412.600 1413.400 2019-07-15 14:00:19
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.