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Index Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
PHLX GOLD/SILVER INDEX (NASDAQ:XAU)
Sidelines Mode (+55) - XAU 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 XAU?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XAU
The long-term trend has been UP since Apr 5th, 2023 at 139.369
The intermediate-term trend has been DOWN since May 16th, 2023 at 131.951
The short-term trend has been UP since May 31st, 2023 at 123.013
Smart Scan Analysis for XAU
Based on our trend formula, XAU is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 127.140 | 127.789 | 124.423 | 125.345 | -1.051 |
| Prev. Close | Volume | Bid | Ask | Time |
| 125.345 | 0 | 2023-06-02 17:15:11 |
| 52wk High | 92.94 | 52wk High Date | 2018-01-24 |
| 52wk Low | 60.59 | 52wk Low Date | 2018-09-11 |