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Forex Trend Analysis Report

Prepared for you on Sunday, June 20, 2021.

Gold Spot (FOREX:XAUUSDO)

Crossroads (-60) - XAUUSDO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid XAUUSDO?

MarketClub looks at technical strength and momentum to determine if the timing is right for XAUUSDO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1767.125 1776.100 1767.125 1775.890 +8.765
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long-term trend has been UP since May 17th, 2021 at 1868.370

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2021 at 1858.045

short term down The short-term trend has been DOWN since Jun 3rd, 2021 at 1893.045

Smart Scan Analysis for XAUUSDO

Based on our trend formula, XAUUSDO is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1767.125 1776.100 1767.125 1775.890 +8.765
Prev. Close Volume Bid Ask Time
1767.125 2021-06-20 23:08:26
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