Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Gold Spot (FOREX:XAUUSDO)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.
MarketClub’s Trade Triangles for XAUUSDO
The long term trend has been UP since Jun 3rd, 2019 at 1324.05
The intermediate term trend has been DOWN since Sep 9th, 2019 at 1492.65
The short term trend has been UP since Sep 20th, 2019 at 1510.86
Smart Scan Analysis for XAUUSDO
Based on a pre-defined weighted trend formula for chart analysis, XAUUSDO scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).