Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Sep 2022 (CME:XAU.U22)
Strong Uptrend (+100) - XAU.U22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XAU.U22 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.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAU.U22
The long-term trend has been UP since Jul 1st, 2022 at 721.8
The intermediate-term trend has been UP since Jul 28th, 2022 at 723.9
The short-term trend has been UP since Aug 4th, 2022 at 755.4
Smart Scan Analysis for XAU.U22
Based on our trend formula, XAU.U22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).