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Index Trend Analysis Report

Prepared for you on Saturday, June 10, 2023.

PHLX GOLD/SILVER INDEX (NASDAQ:XAU)

Weak Downtrend (-65) - XAU is showing signs of a strengthening downtrend. Monitor XAU as it may be building momentum to the downside.

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
125.075 125.277 123.680 123.892 -1.599
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 down The short-term trend has been DOWN since Jun 7th, 2023 at 124.320

Smart Scan Analysis for XAU

Based on our trend formula, XAU is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XAU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
125.075 125.277 123.680 123.892 -1.599
Prev. Close Volume Bid Ask Time
123.892 0 2023-06-09 17:15:24
52wk High92.9452wk High Date2018-01-24
52wk Low60.5952wk Low Date2018-09-11
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