Future Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
GOLD Apr 2019 (E) (NYMEX:GC.J19.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 GC.J19.E
The long term trend has been UP since Jan 2nd, 2018 at 1343.0
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 1360.9
The short term trend has been DOWN since Apr 20th, 2018 at 1378.1
Smart Scan Analysis for GC.J19.E
Based on a pre-defined weighted trend formula for chart analysis, GC.J19.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1404.4||Contract High Date||2018-01-25|
|Contract Low||1270.1||Contract Low Date||2017-12-12|
|Estimated Volume||27||First Delivery||2019-04-30|