Future Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Sep 2018 (E) (CME:XAU.U18.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 XAU.U18.E
The long term trend has been DOWN since May 17th, 2018 at 492.7
The intermediate term trend has been DOWN since May 8th, 2018 at 505.3
The short term trend has been UP since Jun 12th, 2018 at 488.2
Smart Scan Analysis for XAU.U18.E
Based on a pre-defined weighted trend formula for chart analysis, XAU.U18.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||499.1||Contract High Date||2018-06-15|
|Contract Low||483.3||Contract Low Date||2018-06-11|
|Open Time||18:00||Close Time||17:00|