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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.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1811.500 1819.210 1811.470 1819.085 +7.585
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Nov 10th, 2021 at 1833.875

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2021 at 1814.125

short term down 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).

+85
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1811.500 1819.210 1811.470 1819.085 +7.585
Prev. Close Volume Bid Ask Time
1811.500 2022-01-19 05:52:59
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