Future Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
GOLD Jun 2021 (NYMEX:GC.M21)
Countertrend Down (-85) - GC.M21 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GC.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.M21
The long-term trend has been DOWN since Nov 23rd, 2020 at 1866.9
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 1884.6
The short-term trend has been UP since Dec 2nd, 2020 at 1824.7
Smart Scan Analysis for GC.M21
Based on our trend formula, GC.M21 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).