Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Dec 2017 (E) (CME:XAU.Z17.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 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 Dec 5th, 2017 at 558.3
The short term trend has been DOWN since Dec 5th, 2017 at 562.7
Smart Scan Analysis for XAU.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, XAU.Z17.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||575.3||Contract High Date||2017-11-15|
|Contract Low||529.1||Contract Low Date||2017-09-28|
|Open Time||18:00||Close Time||17:00|