Future Trend Analysis Report
Prepared for you on Saturday, September 25, 2021.
GOLD Oct 2021 (NYMEX:GC.V21)
Long-Term Downtrend (-90) - GC.V21 is in a strong downtrend that is likely to continue. While GC.V21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GC.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for GC.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GC.V21
The long-term trend has been DOWN since Aug 6th, 2021 at 1761.3
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1775.9
The short-term trend has been DOWN since Sep 23rd, 2021 at 1759.0
Smart Scan Analysis for GC.V21
Based on our trend formula, GC.V21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).