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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.

NYMEX_GC.M24
Open High Low GC.M24 Price Change
2051.0 2071.1 2051.0 2067.8 +6.0
Entry Signal

MarketClub’s Trade Triangles for GC.M24

long term up The long-term trend has been UP since Mar 17th, 2023 at 2057.0

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2023 at 2096.0

short term down 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).

-70
Smart Scan Analysis for GC.M24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2051.0 2071.1 2051.0 2067.8 +6.0
Prev. Close Volume Bid Ask Time
2068.0 97 2023-06-05 17:28:40
Expiration2024-06-26Open Time08:20
Close Time13:30
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