Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Gold Spot (FOREX:XAUUSDO)
Sidelines Mode (-55) - XAUUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for XAUUSDO
The long-term trend has been DOWN since Nov 23rd, 2020 at 1849.065
The intermediate-term trend has been UP since Mar 28th, 2021 at 1757.500
The short-term trend has been DOWN since Apr 12th, 2021 at 1731.500
Smart Scan Analysis for XAUUSDO
Based on our trend formula, XAUUSDO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).