Index Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
The Gold x5 Leveraged Index (CME:SGIXGD5L)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.
MarketClub’s Trade Triangles for SGIXGD5L
The long term trend has been UP since Jun 5th, 2019 at 565.81
The intermediate term trend has been UP since May 13th, 2019 at 485.21
The short term trend has been DOWN since Aug 13th, 2019 at 920.89
Smart Scan Analysis for SGIXGD5L
Based on a pre-defined weighted trend formula for chart analysis, SGIXGD5L scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||854.96||52wk High Date||2018-01-25|
|52wk Low||352.847||52wk Low Date||2018-08-17|