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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.

Open High Low SGICGDB Price Change
8610.51 8616.71 8546.19 8595.27 -44.01
Entry Signal

MarketClub’s Trade Triangles for SGICGDB

long term up The long term trend has been UP since Jun 5th, 2019 at 7600.80

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 7381.21

short term down 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).

Smart Scan Analysis for SGICGDB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8610.51 8616.71 8546.19 8595.27 -44.01
Prev. Close Volume Bid Ask Time
7299.97 0 2019-08-16 13:29:33
52wk High8092.3752wk High Date2018-01-25
52wk Low6852.97752wk Low Date2018-08-17
Want to analyze The Gold Benchmark Index SGICGDB or another symbol? Try our Free Index Trend Analysis Report.