Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Gold Spot (FOREX:XAUUSDO)
Countertrend Up (+85) - XAUUSDO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been UP since Nov 10th, 2021 at 1833.875
The intermediate-term trend has been UP since Dec 28th, 2021 at 1814.125
The short-term trend has been DOWN since Jan 16th, 2022 at 1813.725
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).