Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Jun 2021 (CME:XAU.M21)
Weak Uptrend (+65) - XAU.M21 is showing signs of weakening momentum to the upside. Monitor XAU.M21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XAU.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAU.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAU.M21
The long-term trend has been UP since Mar 11th, 2021 at 589.8
The intermediate-term trend has been UP since Mar 11th, 2021 at 589.8
The short-term trend has been DOWN since May 5th, 2021 at 664.4
Smart Scan Analysis for XAU.M21
Based on our trend formula, XAU.M21 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).