Future Trend Analysis Report
Prepared for you on Monday, May 29, 2023.
GOLD Aug 2023 (NYMEX:GC.Q23)
Crossroads (-60) - GC.Q23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GC.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.Q23
The long-term trend has been UP since Dec 1st, 2022 at 1848.9
The intermediate-term trend has been DOWN since May 18th, 2023 at 2003.6
The short-term trend has been DOWN since May 5th, 2023 at 2042.9
Smart Scan Analysis for GC.Q23
Based on our trend formula, GC.Q23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).