Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
The Gold Benchmark Index (CME:SGICGDB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SGICGDB
The long term trend has been UP since Jun 5th, 2019 at 7600.80
The intermediate term trend has been UP since May 13th, 2019 at 7381.21
The short term trend has been DOWN since Aug 13th, 2019 at 8459.86
Smart Scan Analysis for SGICGDB
Based on a pre-defined weighted trend formula for chart analysis, SGICGDB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8092.37||52wk High Date||2018-01-25|
|52wk Low||6852.977||52wk Low Date||2018-08-17|