Index Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
The Gold x5 Leveraged Index (CME:SGIXGD5L)
Crossroads (+60) - SGIXGD5L is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SGIXGD5L
The long-term trend has been DOWN since Aug 9th, 2021 at 839.35
The intermediate-term trend has been UP since Oct 13th, 2021 at 873.30
The short-term trend has been UP since Oct 8th, 2021 at 839.00
Smart Scan Analysis for SGIXGD5L
Based on our trend formula, SGIXGD5L is rated as a +60 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|