Future Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Sep 2021 (CME:XAU.U21)
Long-Term Uptrend (+90) - XAU.U21 is in a strong uptrend that is likely to continue. While XAU.U21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid XAU.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAU.U21
The long-term trend has been UP since Jul 16th, 2021 at 668.2
The intermediate-term trend has been UP since Jul 15th, 2021 at 656.7
The short-term trend has been UP since Jul 26th, 2021 at 661.9
Smart Scan Analysis for XAU.U21
Based on our trend formula, XAU.U21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).