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Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
The Gold x5 Leveraged Index (CME:SGIXGD5L)
Countertrend Up (+85) - SGIXGD5L is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SGIXGD5L?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGIXGD5L.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGIXGD5L
The long-term trend has been UP since Nov 28th, 2023 at 775.89
The intermediate-term trend has been UP since Mar 1st, 2024 at 759.35
The short-term trend has been DOWN since Apr 22nd, 2024 at 1449.98
Smart Scan Analysis for SGIXGD5L
Based on our trend formula, SGIXGD5L is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1334.86 | 1338.19 | 1286.04 | 1337.33 | +2.47 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1334.86 | 0 | 2024-04-24 10:54:33 |
| 52wk High | 854.96 | 52wk High Date | 2018-01-25 |
| 52wk Low | 352.847 | 52wk Low Date | 2018-08-17 |