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Index Trend Analysis Report

Prepared for you on Wednesday, July 15, 2020.

The Gold x5 Short Index (CME:SGIXGD5S)

Countertrend Down (-85) - SGIXGD5S is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
607.52 623.36 598.94 607.36 -0.16
Entry Signal

MarketClub’s Trade Triangles for SGIXGD5S

long term down The long-term trend has been DOWN since Jun 4th, 2019 at 4536.60

intermediate term down The intermediate-term trend has been DOWN since Jun 19th, 2020 at 720.62

short term up The short-term trend has been UP since Jul 14th, 2020 at 634.16

Smart Scan Analysis for SGIXGD5S

Based on our trend formula, SGIXGD5S is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SGIXGD5S
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
607.52 623.36 598.94 607.36 -0.16
Prev. Close Volume Bid Ask Time
755.48 0 2020-07-15 13:30:03
52wk High8242.67652wk High Date2018-08-17
52wk Low3804.3552wk Low Date2018-04-11
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