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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2019.

Gold Spot (FOREX:XAUUSDO)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_XAUUSDO
Open High Low XAUUSDO Price Change
1423.085 1423.800 1414.950 1419.000 -4.085
Entry Signal

MarketClub’s Trade Triangles for XAUUSDO

long term up The long term trend has been UP since Jun 3rd, 2019 at 1324.05

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 1290.76

short term down The short term trend has been DOWN since Jul 16th, 2019 at 1404.00

Smart Scan Analysis for XAUUSDO

Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for XAUUSDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1423.085 1423.800 1414.950 1419.000 -4.085
Prev. Close Volume Bid Ask Time
1423.085 1418.600 1419.400 2019-07-18 11:03:31
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