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Forex Trend Analysis Report

Prepared for you on Monday, November 18, 2019.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1466.450 1472.040 1456.550 1469.405 +2.955
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Jun 3rd, 2019 at 1324.050

intermediate term down The intermediate term trend has been DOWN since Nov 7th, 2019 at 1479.250

short term down The short term trend has been DOWN since Nov 18th, 2019 at 1462.645

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1466.450 1472.040 1456.550 1469.405 +2.955
Prev. Close Volume Bid Ask Time
1466.450 1469.330 1469.480 2019-11-18 10:52:38
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.