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.
MarketClub’s Trade Triangles for XAU
The long-term trend has been UP since Apr 5th, 2023 at 139.369
The intermediate-term trend has been DOWN since May 16th, 2023 at 131.951
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).
|52wk High||92.94||52wk High Date||2018-01-24|
|52wk Low||60.59||52wk Low Date||2018-09-11|