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Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
GOLD May 2023 (NYMEX:GC.K23)
Crossroads (-60) - GC.K23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GC.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.K23.
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.K23
The long-term trend has been UP since Mar 10th, 2023 at 1869.5
The intermediate-term trend has been DOWN since May 18th, 2023 at 1976.9
The short-term trend has been DOWN since May 11th, 2023 at 2022.5
Smart Scan Analysis for GC.K23
Based on our trend formula, GC.K23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1948.2 | 1948.4 | 1948.2 | 1944.1 | +5.3 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1948.4 | 5 | 2023-05-26 09:05:04 |
| Expiration | 2023-05-26 | Open Time | 08:20 |
| Close Time | 13:30 |