Future Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Sep 2020 (CME:XAU.U20)
Strong Uptrend (+100) - XAU.U20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XAU.U20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid XAU.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAU.U20
The long-term trend has been UP since Jul 22nd, 2020 at 607.3
The intermediate-term trend has been UP since Sep 15th, 2020 at 612.9
The short-term trend has been UP since Sep 2nd, 2020 at 599.4
Smart Scan Analysis for XAU.U20
Based on our trend formula, XAU.U20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).