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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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
2085.27 2090.15 2073.96 2074.73 -10.54
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Oct 20th, 2023 at 1987.500

intermediate term up The intermediate-term trend has been UP since Nov 26th, 2023 at 2007.005

short term up The short-term trend has been UP since Nov 14th, 2023 at 1958.200

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
2085.27 2090.15 2073.96 2074.73 -10.54
Prev. Close Volume Bid Ask Time
2085.27 2023-12-04 02:41:13
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