Future Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Jun 2019 (CME:XAU.M19)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.M19
The long term trend has been UP since May 21st, 2019 at 595.5
The intermediate term trend has been UP since May 14th, 2019 at 591.4
The short term trend has been UP since May 13th, 2019 at 583.5
Smart Scan Analysis for XAU.M19
Based on a pre-defined weighted trend formula for chart analysis, XAU.M19 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).