Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
GOLD (E-MINI) Dec 2019 (NYMEX:QO.Z19)
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 QO.Z19
The long term trend has been UP since Jun 3rd, 2019 at 1328.00
The intermediate term trend has been UP since May 31st, 2019 at 1304.75
The short term trend has been DOWN since Jul 23rd, 2019 at 1435.75
Smart Scan Analysis for QO.Z19
Based on a pre-defined weighted trend formula for chart analysis, QO.Z19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).