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Index Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

PHLX GOLD/SILVER INDEX (NASDAQ:XAU)

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.

NASDAQ_XAU
Open High Low XAU Price Change
90.615 91.447 89.139 90.612 +1.120
Entry Signal

MarketClub’s Trade Triangles for XAU

long term up The long term trend has been UP since Jun 20th, 2019 at 79.890

intermediate term down The intermediate term trend has been DOWN since Sep 13th, 2019 at 90.610

short term down The short term trend has been DOWN since Sep 13th, 2019 at 90.911

Smart Scan Analysis for XAU

Based on a pre-defined weighted trend formula for chart analysis, XAU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for XAU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.615 91.447 89.139 90.612 +1.120
Prev. Close Volume Bid Ask Time
66.560 0 2019-09-16 17:15:51
52wk High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
Want to analyze PHLX GOLD/SILVER INDEX XAU or another symbol? Try our Free Index Trend Analysis Report.