Future Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
GOLD Apr 2023 (NYMEX:GC.J23)
Countertrend Up (+85) - GC.J23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GC.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.J23
The long-term trend has been UP since Dec 1st, 2022 at 1810.0
The intermediate-term trend has been UP since Mar 12th, 2023 at 1874.3
The short-term trend has been DOWN since Mar 27th, 2023 at 1972.3
Smart Scan Analysis for GC.J23
Based on our trend formula, GC.J23 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).