Future Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Mar 2022 (CME:XAU.H22)
Long-Term Downtrend (-90) - XAU.H22 is in a strong downtrend that is likely to continue. While XAU.H22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XAU.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAU.H22
The long-term trend has been DOWN since Jan 24th, 2022 at 685.0
The intermediate-term trend has been DOWN since Jan 18th, 2022 at 693.3
The short-term trend has been DOWN since Jan 24th, 2022 at 691.2
Smart Scan Analysis for XAU.H22
Based on our trend formula, XAU.H22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).