Future Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
GOLD Jun 2019 (NYMEX:GC.M19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 GC.M19
The long term trend has been UP since Dec 7th, 2018 at 1264.0
The intermediate term trend has been UP since Dec 3rd, 2018 at 1248.4
The short term trend has been DOWN since Jan 9th, 2019 at 1297.4
Smart Scan Analysis for GC.M19
Based on a pre-defined weighted trend formula for chart analysis, GC.M19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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