Index Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
PHLX GOLD/SILVER INDEX (NASDAQ:XAU)
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.
MarketClub’s Trade Triangles for XAU
The long-term trend has been UP since Dec 1st, 2023 at 123.504
The intermediate-term trend has been UP since Nov 24th, 2023 at 117.353
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).
|52wk High||92.94||52wk High Date||2018-01-24|
|52wk Low||60.59||52wk Low Date||2018-09-11|