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Index Trend Analysis Report

Prepared for you on Thursday, July 16, 2020.

The Gold x5 Leveraged Index (CME:SGIXGD5L)

Countertrend Up (+85) - SGIXGD5L 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 SGIXGD5L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGIXGD5L.

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

CME_SGIXGD5L
Open High Low SGIXGD5L Price Change
1557.00 1557.00 1512.19 1534.17 -22.82
Entry Signal

MarketClub’s Trade Triangles for SGIXGD5L

long term up The long-term trend has been UP since Apr 14th, 2020 at 1501.46

intermediate term up The intermediate-term trend has been UP since Jun 22nd, 2020 at 1368.42

short term down The short-term trend has been DOWN since Jul 14th, 2020 at 1491.60

Smart Scan Analysis for SGIXGD5L

Based on our trend formula, SGIXGD5L is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SGIXGD5L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1557.00 1557.00 1512.19 1534.17 -22.82
Prev. Close Volume Bid Ask Time
1281.65 0 2020-07-16 10:29:48
52wk High854.9652wk High Date2018-01-25
52wk Low352.84752wk Low Date2018-08-17
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