Future Trend Analysis Report
Prepared for you on Tuesday, January 25, 2022.
GOLD Jun 2023 (NYMEX:GC.M23)
Countertrend Up (+85) - GC.M23 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.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.M23
The long-term trend has been UP since Sep 7th, 2021 at 1789.0
The intermediate-term trend has been UP since Dec 23rd, 2021 at 1828.2
The short-term trend has been UP since Nov 15th, 2021 at 1873.0
Smart Scan Analysis for GC.M23
Based on our trend formula, GC.M23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).