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Future Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

GOLD Aug 2020 (NYMEX:GC.Q20)

Long-Term Uptrend (+90) - GC.Q20 is in a strong uptrend that is likely to continue. While GC.Q20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid GC.Q20?

MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_GC.Q20
Open High Low GC.Q20 Price Change
1705.0 1739.7 1697.7 1701.2 -3.6
Entry Signal

MarketClub’s Trade Triangles for GC.Q20

long term up The long-term trend has been UP since Apr 6th, 2020 at 1708.0

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 1688.9

short term up The short-term trend has been UP since Apr 3rd, 2020 at 1640.1

Smart Scan Analysis for GC.Q20

Based on our trend formula, GC.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GC.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1705.0 1739.7 1697.7 1701.2 -3.6
Prev. Close Volume Bid Ask Time
1590.8 1648 2020-04-07 03:44:29
Expiration2020-08-27Open Time18:00
Close Time17:00
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