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Index Trend Analysis Report

Prepared for you on Sunday, June 4, 2023.


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.

Open High Low XAU Price Change
127.140 127.789 124.423 125.345 -1.051
Entry Signal

MarketClub’s Trade Triangles for XAU

long term up The long-term trend has been UP since Apr 5th, 2023 at 139.369

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2023 at 131.951

short term up 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).

Smart Scan Analysis for XAU
Strong Downtrend Sideways 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 High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
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