Future Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
GOLD 100 OZ OCTOBER 2021 (ICE:@ZG.V21)
Sidelines Mode (-55) - @ZG.V21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @ZG.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @ZG.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @ZG.V21
The long-term trend has been DOWN since Aug 6th, 2021 at 1765.4
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1789.9
The short-term trend has been UP since Oct 4th, 2021 at 1750.0
Smart Scan Analysis for @ZG.V21
Based on our trend formula, @ZG.V21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).