Future Trend Analysis Report
Prepared for you on Thursday, May 25, 2017.
GOLD Jun 2017 (E) (NYMEX:GC.M17.E)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 GC.M17.E
The long term trend has been UP since Apr 7th, 2017 at 1268.1
The intermediate term trend has been DOWN since May 3rd, 2017 at 1248.2
The short term trend has been DOWN since May 24th, 2017 at 1251.6
Smart Scan Analysis for GC.M17.E
Based on a pre-defined weighted trend formula for chart analysis, GC.M17.E scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2033||Contract High Date||2011-09-08|
|Contract Low||1056.4||Contract Low Date||2015-12-17|
|Estimated Volume||257358||First Delivery||2017-06-30|