Forex Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
Gold Spot (FOREX:XAUUSDO)
Strong Uptrend (+100) - XAUUSDO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XAUUSDO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been UP since Jun 23rd, 2020 at 1765.35
The intermediate-term trend has been UP since Jun 21st, 2020 at 1745.15
The short-term trend has been UP since Jul 6th, 2020 at 1779.31
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).