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.
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 UP since May 13th, 2019 at 1290.76
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).