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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Jun 3rd, 2019 at 1324.05
The intermediate term trend has been UP since May 13th, 2019 at 1290.76
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).