Future Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
GOLD (E-MINI) Jun 2020 (NYMEX:QO.M20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.M20
The long term trend has been DOWN since Sep 10th, 2019 at 1527.75
The intermediate term trend has been DOWN since Sep 10th, 2019 at 1527.75
The short term trend has been DOWN since Oct 10th, 2019 at 1521.50
Smart Scan Analysis for QO.M20
Based on a pre-defined weighted trend formula for chart analysis, QO.M20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).