Future Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
GOLD Jun 2020 (NYMEX:GC.M20)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.M20
The long term trend has been UP since Jun 6th, 2019 at 1361.0
The intermediate term trend has been UP since Dec 3rd, 2019 at 1492.9
The short term trend has been DOWN since Dec 6th, 2019 at 1487.3
Smart Scan Analysis for GC.M20
Based on a pre-defined weighted trend formula for chart analysis, GC.M20 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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