Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
GOLD Jun 2020 (NYMEX:GC.M20)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.M20
The long term trend has been UP since Jun 6th, 2019 at 1361.0
The intermediate term trend has been UP since May 31st, 2019 at 1335.5
The short term trend has been DOWN since Aug 19th, 2019 at 1525.3
Smart Scan Analysis for GC.M20
Based on a pre-defined weighted trend formula for chart analysis, GC.M20 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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