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Index Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.


Countertrend Up (+85) - XAU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

Open High Low XAU Price Change
117.505 119.464 116.904 118.091 -1.424
Entry Signal

MarketClub’s Trade Triangles for XAU

long term up The long-term trend has been UP since Dec 1st, 2023 at 123.504

intermediate term up The intermediate-term trend has been UP since Nov 24th, 2023 at 117.353

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 121.630

Smart Scan Analysis for XAU

Based on our trend formula, XAU is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for XAU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.505 119.464 116.904 118.091 -1.424
Prev. Close Volume Bid Ask Time
119.515 0 2023-12-08 17:15:10
52wk High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
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