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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.

CME_XAU.U20
Open High Low XAU.U20 Price Change
612.6 613.3 601.9 603.8 -7.8
Entry Signal

MarketClub’s Trade Triangles for XAU.U20

long term up The long-term trend has been UP since Jul 22nd, 2020 at 607.3

intermediate term up The intermediate-term trend has been UP since Jul 14th, 2020 at 587.6

short term down 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).

+75
Smart Scan Analysis for XAU.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
612.6 613.3 601.9 603.8 -7.8
Prev. Close Volume Bid Ask Time
586.0 391 2020-08-05 15:59:59
Expiration2020-09-18Open Time18:00
Close Time17:00
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