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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Gold Spot (FOREX:XAUUSDO)

Weak Uptrend (+65) - XAUUSDO is showing signs of weakening momentum to the upside. Monitor XAUUSDO as it may be in the beginning stages of a reversal.

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
2333.015 2333.015 2333.015 2333.015 0.000
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 down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 2320.635

short term up The short-term trend has been UP since Jun 12th, 2024 at 2319.950

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2333.015 2333.015 2333.015 2333.015 0.000
Prev. Close Volume Bid Ask Time
2333.015 2024-06-15 07:06:10
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