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Future Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
GOLD Feb 2024 (NYMEX:GC.G24)
Long-Term Downtrend (-90) - GC.G24 is in a strong downtrend that is likely to continue. While GC.G24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GC.G24?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.G24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GC.G24
The long-term trend has been DOWN since Aug 9th, 2023 at 1968.8
The intermediate-term trend has been DOWN since Sep 26th, 2023 at 1950.4
The short-term trend has been DOWN since Sep 20th, 2023 at 1965.1
Smart Scan Analysis for GC.G24
Based on our trend formula, GC.G24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1858.6 | 1859.3 | 1850.8 | 1857.0 | -0.8 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1857.8 | 451 | 2023-10-04 05:33:33 |
| Expiration | 2024-02-27 | Open Time | 08:20 |
| Close Time | 13:30 |