Index Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
PHLX GOLD/SILVER INDEX (NASDAQ:XAU)
Long-Term Uptrend (+90) - XAU is in a strong uptrend that is likely to continue. While XAU is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for XAU
The long-term trend has been UP since Jun 20th, 2019 at 79.890
The intermediate-term trend has been UP since Oct 25th, 2019 at 92.585
The short-term trend has been UP since Feb 18th, 2020 at 103.970
Smart Scan Analysis for XAU
Based on our trend formula, XAU is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||92.94||52wk High Date||2018-01-24|
|52wk Low||60.59||52wk Low Date||2018-09-11|