Future Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
GOLD (E-MINI) Apr 2020 (NYMEX:QO.J20)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 QO.J20
The long term trend has been DOWN since Nov 7th, 2019 at 1477.00
The intermediate term trend has been DOWN since Sep 5th, 2019 at 1537.75
The short term trend has been DOWN since Nov 7th, 2019 at 1497.00
Smart Scan Analysis for QO.J20
Based on a pre-defined weighted trend formula for chart analysis, QO.J20 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).