Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
ProShares UltraShort Gold (GIF:GLL)
Weak Downtrend (-65) - GLL is showing signs of a strengthening downtrend. Monitor GLL as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GLL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GLL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GLL
The long-term trend has been DOWN since Jun 4th, 2019 at 69.170
The intermediate-term trend has been UP since Aug 25th, 2020 at 31.259
The short-term trend has been DOWN since Oct 9th, 2020 at 30.999
Smart Scan Analysis for GLL
Based on our trend formula, GLL is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).