Future Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
GOLD May 2021 (NYMEX:GC.K21)
Long-Term Uptrend (+90) - GC.K21 is in a strong uptrend that is likely to continue. While GC.K21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GC.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.K21
The long-term trend has been UP since Apr 16th, 2021 at 1766.8
The intermediate-term trend has been UP since Apr 8th, 2021 at 1752.6
The short-term trend has been UP since Apr 15th, 2021 at 1745.8
Smart Scan Analysis for GC.K21
Based on our trend formula, GC.K21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).