Future Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
GOLD Dec 2019 (NYMEX:GC.Z19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.Z19
The long term trend has been UP since Dec 7th, 2018 at 1281.3
The intermediate term trend has been DOWN since Jan 21st, 2019 at 1309.6
The short term trend has been DOWN since Jan 15th, 2019 at 1319.0
Smart Scan Analysis for GC.Z19
Based on a pre-defined weighted trend formula for chart analysis, GC.Z19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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