Index Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
The Gold Benchmark Index (CME:SGICGDB)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 29th, 2019 at 8769.62
The intermediate term trend has been UP since Dec 3rd, 2019 at 8344.72
The short term trend has been DOWN since Dec 6th, 2019 at 8241.96
Smart Scan Analysis for SGICGDB
Based on a pre-defined weighted trend formula for chart analysis, SGICGDB scored +55 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|