Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
iShares COMEX GOLD (PACF:IAU.IV)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 IAU.IV
The long term trend has been DOWN since May 1st, 2018 at 12.5087
The intermediate term trend has been DOWN since Nov 9th, 2018 at 11.6171
The short term trend has been UP since Nov 29th, 2018 at 11.7526
Smart Scan Analysis for IAU.IV
Based on a pre-defined weighted trend formula for chart analysis, IAU.IV scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.1183||52wk High Date||2018-01-25|
|52wk Low||11.252||52wk Low Date||2018-08-15|