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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 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
1283.77 1285.10 1280.95 1281.82 -1.95
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term down The long term trend has been DOWN since Apr 16th, 2019 at 1277.03

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 1290.76

short term up The short term trend has been UP since May 23rd, 2019 at 1278.99

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
1283.77 1285.10 1280.95 1281.82 -1.95
Prev. Close Volume Bid Ask Time
1283.77 1281.59 1282.05 2019-05-24 08:50:52
Want to analyze Gold Spot XAUUSDO or another symbol? Try our Free Forex Trend Analysis Report.