Future Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
GOLD (E-MINI) Oct 2018 (E) (NYMEX:QO.V18.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 QO.V18.E
The long term trend has been DOWN since May 1st, 2018 at 1328.50
The intermediate term trend has been DOWN since Jun 15th, 2018 at 1298.25
The short term trend has been UP since Sep 12th, 2018 at 1199.00
Smart Scan Analysis for QO.V18.E
Based on a pre-defined weighted trend formula for chart analysis, QO.V18.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1215.75||Contract High Date||2018-08-28|
|Contract Low||1174.25||Contract Low Date||2018-08-16|
|Open Time||18:00||Close Time||17:00|