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Index Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

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.

NASDAQ_XAU
Open High Low XAU Price Change
157.788 158.461 155.455 155.957 -1.744
Entry Signal

MarketClub’s Trade Triangles for XAU

long term up The long-term trend has been UP since Apr 1st, 2024 at 127.253

intermediate term up The intermediate-term trend has been UP since Jul 3rd, 2024 at 140.794

short term up The short-term trend has been UP since Jul 3rd, 2024 at 139.667

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).

+90
Smart Scan Analysis for XAU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
157.788 158.461 155.455 155.957 -1.744
Prev. Close Volume Bid Ask Time
157.701 0 2024-07-17 11:45:50
52wk High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
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