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Index Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

The Gold Benchmark Index (CME:SGICGDB)

Sidelines Mode (+55) - SGICGDB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
12586.96 12637.50 12576.66 12632.82 +168.95
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 down The intermediate-term trend has been DOWN since Nov 11th, 2024 at 12566.98

short term up The short-term trend has been UP since Nov 19th, 2024 at 12367.93

Smart Scan Analysis for SGICGDB

Based on our trend formula, SGICGDB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SGICGDB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12586.96 12637.50 12576.66 12632.82 +168.95
Prev. Close Volume Bid Ask Time
12463.87 0 2024-11-21 16:48:32
52wk High8092.3752wk High Date2018-01-25
52wk Low6852.97752wk Low Date2018-08-17
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