Future Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
GOLD Dec 2017 (E) (NYMEX:GC.Z17.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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.Z17.E
The long term trend has been UP since Aug 18th, 2017 at 1305.5
The intermediate term trend has been DOWN since Sep 21st, 2017 at 1297.0
The short term trend has been DOWN since Sep 11th, 2017 at 1337.2
Smart Scan Analysis for GC.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, GC.Z17.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1900||Contract High Date||2012-03-09|
|Contract Low||1069.7||Contract Low Date||2015-11-27|
|Estimated Volume||169390||First Delivery||2017-12-29|