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Index Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

The Gold x5 Short Index (CME:SGIXGD5S)

Long-Term Downtrend (-90) - SGIXGD5S is in a strong downtrend that is likely to continue. While SGIXGD5S is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SGIXGD5S?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGIXGD5S.

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

CME_SGIXGD5S
Open High Low SGIXGD5S Price Change
357.27 370.64 356.50 367.73 +10.46
Entry Signal

MarketClub’s Trade Triangles for SGIXGD5S

long term down The long-term trend has been DOWN since Nov 5th, 2021 at 400.69

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2021 at 392.26

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 372.37

Smart Scan Analysis for SGIXGD5S

Based on our trend formula, SGIXGD5S is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SGIXGD5S
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
357.27 370.64 356.50 367.73 +10.46
Prev. Close Volume Bid Ask Time
367.73 0 2022-01-21 16:51:27
52wk High8242.67652wk High Date2018-08-17
52wk Low3804.3552wk Low Date2018-04-11
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