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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
1959.055 1975.210 1950.130 1974.345 +15.290
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since Dec 1st, 2022 at 1785.10

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2023 at 1869.85

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 1935.55

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
1959.055 1975.210 1950.130 1974.345 +15.290
Prev. Close Volume Bid Ask Time
1959.055 2023-03-28 18:33:52
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