Future Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
GOLD Oct 2017 (E) (NYMEX:GC.V17.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.V17.E
The long term trend has been DOWN since Jul 3rd, 2017 at 1222.6
The intermediate term trend has been UP since Jul 23rd, 2017 at 1258.0
The short term trend has been DOWN since Aug 15th, 2017 at 1280.9
Smart Scan Analysis for GC.V17.E
Based on a pre-defined weighted trend formula for chart analysis, GC.V17.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1389.4||Contract High Date||2016-08-03|
|Contract Low||1137.5||Contract Low Date||2016-12-15|
|Estimated Volume||2929||First Delivery||2017-10-31|