Future Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
S&P 500 INDEX UTILITIES SECTOR (E-MINI) Sep 2020 (CME:XAU.U20)
Bull Market Weakness (+75) - XAU.U20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XAU.U20 as it may be in the beginning stages of a reversal.
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 Jul 14th, 2020 at 587.6
The short-term trend has been DOWN since Aug 5th, 2020 at 602.8
Smart Scan Analysis for XAU.U20
Based on our trend formula, XAU.U20 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).