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Index Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

PHLX GOLD/SILVER INDEX (NASDAQ:XAU)

Long-Term Downtrend (-90) - XAU is in a strong downtrend that is likely to continue. While XAU is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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NASDAQ_XAU
Open High Low XAU Price Change
120.908 121.135 119.009 121.091 -1.052
Entry Signal

MarketClub’s Trade Triangles for XAU

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 136.162

intermediate term down The intermediate-term trend has been DOWN since Jan 28th, 2022 at 122.532

short term down The short-term trend has been DOWN since Jan 24th, 2022 at 128.556

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
120.908 121.135 119.009 121.091 -1.052
Prev. Close Volume Bid Ask Time
122.143 0 2022-01-28 17:13:37
52wk High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
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