Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
GOLD Aug 2020 (NYMEX:GC.Q20)
Weak Uptrend (+65) - GC.Q20 is showing signs of weakening momentum to the upside. Monitor GC.Q20 as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GC.Q20
The long-term trend has been UP since Apr 6th, 2020 at 1708.0
The intermediate-term trend has been UP since Jun 19th, 2020 at 1758.6
The short-term trend has been DOWN since Aug 7th, 2020 at 2011.0
Smart Scan Analysis for GC.Q20
Based on our trend formula, GC.Q20 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).