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.
MarketClub’s Trade Triangles for SGIXGD5S
The long-term trend has been DOWN since Jun 4th, 2019 at 4536.60
The intermediate-term trend has been DOWN since Jun 19th, 2020 at 720.62
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).
|52wk High||8242.676||52wk High Date||2018-08-17|
|52wk Low||3804.35||52wk Low Date||2018-04-11|