Future Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
GOLD Jun 2020 (NYMEX:GC.M20)
Sidelines Mode (-55) - GC.M20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GC.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.M20
The long-term trend has been DOWN since Mar 19th, 2020 at 1474.1
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1569.1
The short-term trend has been UP since Apr 3rd, 2020 at 1640.7
Smart Scan Analysis for GC.M20
Based on our trend formula, GC.M20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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