Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
GOLD Jan 2020 (NYMEX:GC.F20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GC.F20
The long term trend has been DOWN since Nov 1st, 2019 at 1518.8
The intermediate term trend has been UP since Dec 3rd, 2019 at 1479.0
The short term trend has been DOWN since Dec 6th, 2019 at 1474.0
Smart Scan Analysis for GC.F20
Based on a pre-defined weighted trend formula for chart analysis, GC.F20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).