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Index Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

The Gold Benchmark Index (CME:SGICGDB)

Countertrend Up (+85) - SGICGDB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
10587.73 10645.12 10579.95 10631.50 +13.62
Entry Signal

MarketClub’s Trade Triangles for SGICGDB

long term up The long-term trend has been UP since Nov 28th, 2023 at 10106.00

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 10120.74

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 10601.35

Smart Scan Analysis for SGICGDB

Based on our trend formula, SGICGDB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SGICGDB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10587.73 10645.12 10579.95 10631.50 +13.62
Prev. Close Volume Bid Ask Time
10617.88 0 2024-03-18 14:29:18
52wk High8092.3752wk High Date2018-01-25
52wk Low6852.97752wk Low Date2018-08-17
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