Index Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
NYSE Arca Gold Miners Index (EUR Gross TR) (GIF:GDMEURTR)
Bear Market Rally (-75) - GDMEURTR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GDMEURTR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GDMEURTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GDMEURTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GDMEURTR
The long-term trend has been DOWN since Aug 31st, 2020 at 1236.12
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 1242.89
The short-term trend has been UP since Mar 3rd, 2021 at 1195.76
Smart Scan Analysis for GDMEURTR
Based on our trend formula, GDMEURTR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).