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Index Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

The Gold Benchmark Index (CME:SGICGDB)

Long-Term Downtrend (-90) - SGICGDB is in a strong downtrend that is likely to continue. While SGICGDB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SGICGDB?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGICGDB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SGICGDB
Open High Low SGICGDB Price Change
9624.78 9686.35 9548.23 9643.52 -31.58
Entry Signal

MarketClub’s Trade Triangles for SGICGDB

long term down The long-term trend has been DOWN since Jun 30th, 2022 at 9659.58

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 9781.10

short term down The short-term trend has been DOWN since Jun 24th, 2022 at 9770.93

Smart Scan Analysis for SGICGDB

Based on our trend formula, SGICGDB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGICGDB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9624.78 9686.35 9548.23 9643.52 -31.58
Prev. Close Volume Bid Ask Time
9644.05 0 2022-07-01 13:29:48
52wk High8092.3752wk High Date2018-01-25
52wk Low6852.97752wk Low Date2018-08-17
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