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.
MarketClub’s Trade Triangles for SGIXGD5S
The long-term trend has been DOWN since Nov 5th, 2021 at 400.69
The intermediate-term trend has been DOWN since Dec 28th, 2021 at 392.26
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).
|52wk High||8242.676||52wk High Date||2018-08-17|
|52wk Low||3804.35||52wk Low Date||2018-04-11|