Future Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
GOLD Oct 2019 (E) (NYMEX:GC.V19.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 GC.V19.E
The long term trend has been DOWN since May 1st, 2018 at 1360.0
The intermediate term trend has been DOWN since Nov 9th, 2018 at 1244.7
The short term trend has been UP since Nov 29th, 2018 at 1254.5
Smart Scan Analysis for GC.V19.E
Based on a pre-defined weighted trend formula for chart analysis, GC.V19.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1404.8||Contract High Date||2018-04-18|
|Contract Low||1210.8||Contract Low Date||2018-08-16|
|Estimated Volume||27||First Delivery||2019-10-31|