Future Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
GOLD Dec 2020 (E) (NYMEX:GC.Z20.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.Z20.E
The long term trend has been UP since Nov 1st, 2018 at 1312.0
The intermediate term trend has been DOWN since Nov 9th, 2018 at 1291.1
The short term trend has been UP since Nov 28th, 2018 at 1296.1
Smart Scan Analysis for GC.Z20.E
Based on a pre-defined weighted trend formula for chart analysis, GC.Z20.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1460.1||Contract High Date||2018-04-18|
|Contract Low||1131||Contract Low Date||2015-11-16|
|Estimated Volume||100||First Delivery||2020-12-31|