Future Trend Analysis Report
Prepared for you on Monday, January 25, 2021.
GOLD Feb 2021 (NYMEX:GC.G21)
Strong Downtrend (-100) - GC.G21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GC.G21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.G21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.G21
The long-term trend has been DOWN since Nov 23rd, 2020 at 1861.6
The intermediate-term trend has been DOWN since Jan 8th, 2021 at 1828.5
The short-term trend has been DOWN since Jan 22nd, 2021 at 1838.7
Smart Scan Analysis for GC.G21
Based on our trend formula, GC.G21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).