Future Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Dec 2017 (E) (CME:XAU.Z17.E)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.Z17.E
The long term trend has been UP since Aug 15th, 2017 at 542.9
The intermediate term trend has been DOWN since Sep 12th, 2017 at 546.5
The short term trend has been DOWN since Oct 16th, 2017 at 543.2
Smart Scan Analysis for XAU.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, XAU.Z17.E scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||558.7||Contract High Date||2017-09-11|
|Contract Low||529.1||Contract Low Date||2017-09-28|
|Open Time||18:00||Close Time||17:00|