Future Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
GOLD Jun 2024 (NYMEX:GC.M24)
Weak Downtrend (-65) - GC.M24 is showing signs of a strengthening downtrend. Monitor GC.M24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GC.M24?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.M24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.M24
The long-term trend has been UP since Mar 17th, 2023 at 2057.0
The intermediate-term trend has been DOWN since May 17th, 2023 at 2096.0
The short-term trend has been DOWN since Jun 2nd, 2023 at 2064.3
Smart Scan Analysis for GC.M24
Based on our trend formula, GC.M24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).