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Forex Trend Analysis Report

Prepared for you on Monday, April 12, 2021.

Gold Spot (FOREX:XAUUSDO)

Sidelines Mode (-55) - XAUUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1738.850 1744.250 1730.955 1733.000 -5.850
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 1849.065

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2021 at 1757.500

short term down The short-term trend has been DOWN since Apr 12th, 2021 at 1731.500

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1738.850 1744.250 1730.955 1733.000 -5.850
Prev. Close Volume Bid Ask Time
1738.850 2021-04-12 13:02:58
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