Index Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
The Gold x5 Short Index (CME:SGIXGD5S)
Crossroads (-60) - SGIXGD5S 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 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.
MarketClub’s Trade Triangles for SGIXGD5S
The long-term trend has been UP since Aug 9th, 2021 at 524.54
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 451.88
The short-term trend has been DOWN since Oct 8th, 2021 at 467.26
Smart Scan Analysis for SGIXGD5S
Based on our trend formula, SGIXGD5S is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||8242.676||52wk High Date||2018-08-17|
|52wk Low||3804.35||52wk Low Date||2018-04-11|