Future Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
E-MICRO GOLD Aug 2019 (NYMEX:MGC.Q19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Dec 7th, 2018 at 1264.2
The intermediate term trend has been UP since Jan 25th, 2019 at 1318.8
The short term trend has been DOWN since Feb 22nd, 2019 at 1340.3
Smart Scan Analysis for MGC.Q19
Based on a pre-defined weighted trend formula for chart analysis, MGC.Q19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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