Future Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
E-MICRO GOLD Aug 2019 (NYMEX:MGC.Q19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 MGC.Q19
The long term trend has been DOWN since Apr 5th, 2019 at 1295.8
The intermediate term trend has been UP since May 13th, 2019 at 1296.5
The short term trend has been DOWN since May 16th, 2019 at 1302.4
Smart Scan Analysis for MGC.Q19
Based on a pre-defined weighted trend formula for chart analysis, MGC.Q19 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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