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Forex Trend Analysis Report

Prepared for you on Saturday, December 3, 2022.

Gold Spot (FOREX:XAUUSDO)

Long-Term Uptrend (+90) - XAUUSDO is in a strong uptrend that is likely to continue. While XAUUSDO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1798.03 1798.03 1798.03 1798.03 0.00
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Dec 1st, 2022 at 1785.100

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2022 at 1681.595

short term up The short-term trend has been UP since Nov 30th, 2022 at 1763.495

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1798.03 1798.03 1798.03 1798.03 0.00
Prev. Close Volume Bid Ask Time
1798.03 2022-12-03 06:05:57
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