Future Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
GOLD Aug 2018 (E) (NYMEX:GC.Q18.E)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 GC.Q18.E
The long term trend has been DOWN since May 1st, 2018 at 1315.4
The intermediate term trend has been DOWN since Jun 15th, 2018 at 1286.8
The short term trend has been DOWN since Aug 10th, 2018 at 1205.9
Smart Scan Analysis for GC.Q18.E
Based on a pre-defined weighted trend formula for chart analysis, GC.Q18.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1379.3||Contract High Date||2018-01-25|
|Contract Low||1174.4||Contract Low Date||2016-12-28|
|Estimated Volume||71||First Delivery||2018-08-31|